Lightning Network allows two parties to transact with each other many times before actually broadcasting a transaction. The developers of the Lightning Network protocol, announced that version 1.0 RC of the Lightning protocol specification was released along and a cross-implementation test on Bitcoin mainnet was successful.
Achievement unlocked: We've created a fully compatible Lightning Network on bitcoin! ✅⚡️https://t.co/wTqI4uKhkd
— elizabeth stark (@starkness) 6 декабря 2017 г.
On December 6, the Lightning Network developers announced the implementation of the first in the world Lightning payments on the Bitcoin mainnet stating that those tests are the first Lightning payments using real Bitcoin. Lightning enables users to send instant, small value payments.
ACINQ, Blockstream, and Lightning Labs are the three teams which work on building the network, and the tests show that these systems are on the way to be adopted by the majority.
In parallel with our interoperability work, our three teams also developed their own Lightning implementations with a focus on cross-compatibility. Interoperability enables a single Lightning Network where payments are seamlessly routed without being isolated or incompatible. We have developed a comprehensive set of integration tests, and all tests are passing!
The announcement about the successful tests of Lightning Network and the fees which are exctremely low can be highly important for users and businesses as it brings a huge difference in comparison with high fees offered by credit cards providers and high fees of Bitcoin transactions. Lightning Network aims to bring stability and security and it is obviously now on the way to the mainstream adoption.