ZigZag Lightning Network Payment Channel Launches On Mainnet


ZigZag.io Lightning Network Payment Channel Launches on Mainnet

The Lightning Network payment channel ZigZag.io announced on September 8 that it has launched on mainnet. In this way, users would be able to exchange the most important virtual currencies with the lowest fees possible.

In order to use such exchanges it is necessary to have a Lightning Network enabled wallet. There are some wallets such as Zap, Eclair, Lightning and many others that have the same functions. Besides being virtual currency wallets, they allow instant sending and receiving of payments using the so called Lightning Network (LN).

At the moment, the virtual currencies accepted at the exchange are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash and Bitcoin Cash (BCH).

ZigZag has been created by Bitulm, a company that works with the LN trying to build products and services on top of it. In the future, ZigZag’s team commented that they will be adding support to new virtual currencies.

The Lightning Network is a second layer scaling solution for Bitcoin that would allow it to scale up to million transactions per second and minimum fees. With the LN Bitcoin may finally solve the scaling issues it currently has and that it is facing.

Additionally, ZigZag wants to adopt Atomic Swaps. In this way, it may be possible to eliminate the need for trust in 3rd party custodians. The LN has been growing in the last months and has reached an interesting number of operative nodes (3412 public nodes).

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide