Post
Topic
Board Bitcoin Discussion
Re: Will segwit reduce the number of transactions by any significant amount?
by
Carlton Banks
on 17/05/2017, 14:42:46 UTC
Does lightning network can make transaction much faster and can it really lower the transaction fees. There are many claims that the lightning network can solve the slow confirmation and its name suggests that it has the power to do so. But it is too early to say those things we can only tell if we are already using lightning network. After which we can claim if it is fast or slow, if it is cheap or not.

It's open source code, like Bitcoin. And all the claims for Lightning's node hopping, instant transfers and low (or zero) fees have been proven on Bitcoin testnet (and soon on live Litecoin network).

You sound like the people who say "Bitcoin is a virus, because WannaCry". Or people that try to make it sound super complicated Wink, take a look at the user interface for Lightning software, it's pretty simple stuff (and will be simplified more once it's out of the early stages it's in right now)