Re: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY
The lightning network is comprised of user-generated channels that send payments back and forth in a secure and trust-less fashion.
Because the transactions are just between known parties and do not need to be broadcast to the whole network, they are almost instantaneous. And because there are no miners that need incentivizing, transaction fees are low or even non-existent.
Though many projects have made plans to implement the Lightning network, after release Einsteinium will be the only operational protocol to date, aside from Bitcoin. This will give EMC2 a significant advantage for those looking for the fastest transnational speeds and lowest fees in the crypto-space.
Because the transactions are just between known parties and do not need to be broadcast to the whole network, they are almost instantaneous. And because there are no miners that need incentivizing, transaction fees are low or even non-existent.
Though many projects have made plans to implement the Lightning network, after release Einsteinium will be the only operational protocol to date, aside from Bitcoin. This will give EMC2 a significant advantage for those looking for the fastest transnational speeds and lowest fees in the crypto-space.
Not trying to start anything, but I'm pretty sure Litecoin beat even Bitcoin to the punch: https://cointelegraph.com/news/blockstream-sends-first-litecoin-lightning-microtransaction I suspect there might be others.
Still, early implementation is good. And if you're able to build lightning support into weeee cash and make it easy to use and ultimately easy to swap across chains (the real killer feature of lightning) without relying on exchanges that could be very big. Lightning could also be the basis of non-financial transactions (related to games, messaging etc) without spamming up the blockchain.
Congrats and good luck
Wow, I didn't know features of lightning network could be so wide-reaching. Let's just hope these features are not released when this horrendous crypto dump fest is still ongoing, since nothing can move upwards these days.