Crypto Transaction Demonstrated via Lightning Network on Bitcoin ATM

Ken Austin
By Ken Austin
Posted on April 1, 2019
Crypto Transaction Demonstrated via Lightning Network on Bitcoin ATM

The payment protocol that made the headlines for instant transaction speed, is now in the highlights again. The programmer who traveled the world with bitcoin, Felix Weis, successfully demonstrated a transaction via Lightning Network on a Bitcoin ATM at the Lightning Hackday event in Hong Kong.


Here is what Weis has to say about the transaction


“Just a proof of concept ‘top up your existing channel.’ Lots of bugs but two different mobile wallets worked fine.”


The Lightning Network is growing fast with estimated 7,754 nodes, 39,129 channels & the network capacity of 1,058 BTC. The quick transaction time & lower BTC transaction fees are attracting the crypto community.


The Lightning Network was designed as a decentralized system in which those participating can implement trustless micropayment channels to facilitate one or multiple payment transactions off-blockchain.


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