Lightning labs released the first Bitcoin main net ready lightning Network implementation today March 15th in what the company describes as an important milestone lightning labs whose product lightning daemon helps developers easily connect to the Lightning Network described it as having quote the necessary safety security and fault tolerance features required for real world real money usage this is a good thing guys
In a blog post lightning labs whose product lightning daemon helps developers easily connect to the Lightning Network I already said that the release comes as the company announced the completion of a seed finance round worth 2.5 million participation in the in in which came from some of the biggest cryptocurrency industry's biggest names
Square in a Twitter founder Jack Dorsey hmm I have different ideas around Jack Dorsey these days mostly because of the queuing on post drops if you haven't checked out queuing on you probably should and like coin creator silent ninja Charlie Lee led the list with also includes a square Campos de Jaclyn rhesus and X PayPal co o David Sachs reacting online social media commentators so celebrated in advance with lightning edging closer to offered Bitcoin users practically free and instant transactions
Despite accruing over at 1,000 nodes and all mm channel since December 2017 lightning Network is nonetheless without its critics while no industry figures including core developer Peter Todd in Bitcoin org a creator Cobra and both voiced fears over rolling out the technology too quickly without thorough testing
Actually massive amounts of people bang on it with hammers that's what we do when we build stuff we just release it and let people bang on it with hammers and then you say oh no but you're different because you release stuff that doesn't have to deal with financial transactions and people could lose real-world money if you're going to be participating in a lightning network or a new launch of a new system and you're gonna be using money to transact you better be prepared to lose that money it's part of being part of the bleeding edge of the tech
It's part and parcel guys note that this release is intended for developers of future lightning applications lapse along with technical users and prospective routing node operators lightning labs blog post reads adopting a pragmatic tone in this early phase of lightning where you could potentially lose your money but thank you for testing it out because we need to know the scalability and the protection issues and risks and bugs associated with developing lightning Network
They focused on providing this software infrastructure such as lnd necessary to bootstrap the network and serve as a platform for future applications services and businesses I do not agree with it in their particular objections to lightning Network they're in software development why they hatin look I know that lightning network might not be perfect it's okay no technology is perfect except for Bitcoin other than that it is what it is hey if people are willing to test out the network and to put some money to test it they should be willing to lose it such as part of you a tea or user acceptance testing life of a G my friends life of a G thanks for joining us in today's crypto news
