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Back in mid March this year, the team at Stellar (XLM) announced that they had decided that the Lightning protocol was the best long term scaling solution for its network. Stellar. The team noted that they were one of the most debatable issues. User experience in terms of speed, throughput and privacy / security.
About Lightning
The team went on to elaborate how Lightning works:
Lightning is a scaling solution for distributed payment networks, originally proposed for the Bitcoin blockchain. Payments through routers and hubs. Lightning has the potential to support cross-protocol payments, as well as payment where the sender sends Bitcoins on the bitcoin network and the recipient receives the lumens on the Stellar network.
Lightning is building from building blocks payment channels. The concept behind payment channels is simple but powerful. Instead of on the public ledger.
Lightning Implementation Still On Course
According to the Stellar roadmap, published with the decision to implement Lightning, the release date was scheduled for December 1st.
Judging by the fact that there has been no amendment to the roadmap, we can assume that the team is still doing it.
What do you think about Stellar implementing Lightning on its network? Please let us know in the comment section below.
