Bitfury Group Tests ‘Real Bitcoins’ Using the Lightning Network

The well-known company Bitfury which calls itself a blockchain security and infrastructure provider has successfully tested “real bitcoins” using the Lightning Network on the mainnet. The video shows a Bitfury programmer sending bitcoin utilizing a developers version of the Lightning Network. The demo illustrates the opening of Lighting daemon payment channels and the transactions sent across the live Bitcoin network.

“Now we have two open channels, and we can actually perform Lightning Network transactions inside these open channels,” explains the Bitfury developer during the video.
Bitfury Founder Says The Team’s Demo is a ‘Big Step Forward for Bitcoin’

Following the Lightning node and channel setup, Bitfury then tested a single-hop transaction which demonstrated the ability to create routable paths. This means, after successfully creating multi-hop paths the theory is the protocol may eliminate the need for counterparties. Bitfury has been developing with the Lightning Network since last year when they released their 40-page white paper, which proposes a routing solution for the Lightning Network. The Bitfury team aims to utilize the Lightning procedure while preserving decentralization. Valery Vavilov, CEO of Bitfury Group, made a statement via Twitter saying.