Hello friends,
As we know that one of the basic/most important reason for the pump of the bitcoin price on jan 2018 is Lightning network and cross the $20000, finally mark the highest point. Thereafter, it's price was continuously down to nearabout $62400 after 6-7 months. Ofcourse, we know the different- different types of reason for the bigger fall.
Now, here we go again, two bigger news will come in the future market and top experts are finally predict the price of the bitcoin at the end of this year i.e. around $65,000 which is pretty impressive. That means, if you guys invest now then definitely you guys will make 10X within next 6 months.
Today, again Lightning network is in controversy and one of the biggest name in the crypto world and decided to stand behind this network to make it reality as fast as possible, who is none of other than Charliee litecoin.
Donot say more words, just imagine if the transaction will occur within seconds or may be less than 1 second at lower cost then every body will love to use crypto instead fiat currencies and more. No matter who is present at one part of the earth or the other is present other part of the earth. Just happening like Fast and Furious (hahaha).
What actually said Charliee on lightning network-
The founder of Litecoin (LTC), Charlie Lee, did not exactly try to hide his support an enthusiasm for LN. He was especially supportive of it yesterday when he released a tweet stating that the LN might even become a full decentralized exchange, where LTC could play a large role.
Actually, i find out that he was trying to make comparison between Litecoin and Bitcoin. By saying that people are facing problem on bitcoin such as high transaction fees, take much time for transaction and many more. So, Lee has a solution for that just choose the Litecoin for their assets and use it for cheaper transaction as well as faster one.
According to Lightning Labs, the network already has a beta feature that allows the selection of two coins. However, the connection has yet to go live on the MainNet. On the other hand, LTC already has an independent LN and has already finished testing the atomic swaps. Still, there is still no realistic way to achieve interoperability between the blockchains.
Apart from that, we know that the team of the Lightning network still is in progress to make it happen and they made many improvements in network and still working on it. They already launched there beta feature but not working properly. Even they tested some experiment in march, on very small amount of transaction.
Additionally, not all of its nodes have the same level of importance.
Well, i will not go more technically. So guys, i have a question for that how much time will they take to start the lightning network and after launching it successfully what will happen in the market. This will impact the real fiat currency or not.
If you like it than please upvote and resteem for better exposure.
Thank you
Regards
@gkumar