Lightning is a scaling solution for distributed payment networks, originally proposed for the Bitcoin blockchain. Lightning is designed to allow users to make off-chain payments and to support cross-protocol payments without having to trust any parties in between.
Stellar has reported that it aims to solve the problem of scalability and improve speed, throughput and privacy by implementing the possibility Lightning payments, which can be confirmed instantly, has negligible fees and doesn’t have to become public. Lightning should reportedly have a huge positive effect on Stellar’s long-term scalability and security.
Stellar Lightning Timeline
Stellar stated in an announcement that Stellar creator, Jed McCaleb, first explored Lightning back in 2015, and the new implementation still reflects the cleverness of his original plan, but with the necessary improvements to make Lightning right.
At the moment of press, these are main market parameters of Stellar:
Average price: $0,238653
Marketcap: $4 426 760 422
24h volume: $46 490 000