Hmmm. Been looking at this solution for the last couple of months. And I heard a lot of noise about it last couple of days that I think that this is the long awaited solutions to the problems that we are currently facing. I think its been on the testing phase for some time right now and could be deployed anytime soon.
Finally! Everyone who supports Bitcoin in the ongoing war against BCC have been waiting for. Lightening Network will solve all the problems that caused the rise of fraud-coin BCC and decline of The Bitcoin in last few days. This will prove that BCC has nothing new or revolutionizing to offer and BCC will become just another altcoin again.
What I want to ask is how is LN going to be implemented and when. Do we need another fork or LN can be added on top of Bitcoin blockchain so we don't need to change the rules?
The way I understand, its neither a hard or soft fork. What LN intends to do is just add another layer on top of bitcoin network, so there's no rules to be change here. (correct me if I'm wrong), so there's still some kind of security because LN will still uses blockchain. It has nothing to do with Bitcoin Cash though, this whole scaling debate has been ongoing for years now and its just right to implement it, isolated of the so called "Bitcoin vs Bitcoin Cash" war.