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Extensively deemed to be the very best way to enhance bitcoin's transaction capability, the Lightning Network proposes a way to execute the majority of bitcoin transactions with no involving the blockchain or compromising the network's decentralized architecture.
But, as a comparatively new proposal, it is even now incredibly much a function in progress. That's a single explanation why recent tests finished by a French firm referred to as Acinq have generated so much pleasure.
Inspired by a white paper released by bitcoin mining firm Bitfury in July, the Acinq workforce launched two,500 Amazon Net Services nodes this month as a way to test a proposed routing technique for Lightning-design payments earlier this month. Carried out on 18th September, the test put the routing concept proposed in the white paper into practice.
As it showed Lightning nodes could properly route payments, Bitfury CEO Valery Vavilov argued that the check was a major milestone for bitcoin.
For now, this puts to rest skepticism that Lightning routing was too challenging to be implemented at all, as Acinq's routing tests pushed the notion out of concept and into practice.
"We believed it would fascinating to go beyond with a simulation due to the fact it showed that actual progress with routing difficulties and [that] we're getting closer and closer to a functioning implementation," Padiou explained.
As the implementation assumes privacy, it also hints that the Lightning Network could do well in trying to keep payments private, regardless of the reality that it properly adds a number of new parties to bitcoin transactions in an energy to preserve them off-chain.
Proposed by developers Joseph Poon and Thaddeus Dryja in February 2015, a variety of startups (Lightning, Blockstream, Blockchain) and open-source tasks are now working on implementations of the concept.
Paris-based Acinq has so far centered its efforts on its implementation Eclair, driven by what Padiou explained have been the advantages Lightning could bring to the bitcoin network when it is finally implemented by the open-supply neighborhood.
