Home / Crypto News / Lightning Network Payment is Trialed at Bars in Japan

Lightning Network Payment is Trialed at Bars in Japan

HOME> News> Lightning Network Payment Trials Launched at Bars in Japan

日本国内のバーでライトニングネットワーク決済が試験導入される

Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

Nayuta, who is developing Layer 2 technology of public block chain, has tested and introduced bitcoin’s lightning network payment at the bar “awabar fukuoka” with its store in Fukuoka Prefecture.

In this project, software “Ptarmigan”, jointly developed by Nayuta with other blockchain companies, is used, and anyone who holds Bitcoin can experience awabar’s “immediate payment service”.

Lightning Network is a Bitcoin Layer 2 technology, an off-chain scaling solution that performs transactions ( exchange of token ownership ) within a multi-sig wallet called a “channel”.

Within the channel, there are unlimited and multiple transactions, and when the channel is closed, only the final account is recorded in the block chain, which saves the cost of recording all the transactions.

While Lightning Networks can help reduce transaction costs and increase processing speed on a blockchain scale, the per-channel performance tends to depend on its volume.

In this testing, Nayuta will secure the channels and liquidity of the Lightning Network.

Article Source: PR TIMES

Related articles From the same writer

Popular articles of the same category

Author: Yuya 【Coin Desk News】 – Source Post: http://destyy.com/w1WUtt

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and informational purposes only. We are not an investment advisor and do not provide financial advice.

Please check the articles which have not been reviewed and verified all articles posted on CoinNewsDesk.com. Please independently research and verify any information found here before relying on facts. It is also important to do proper due diligence and analysis, including involving disciplines No content on Coin News Desk makes up a recommendation to enter in any type of investment or any investment in any investment strategy presented on this website. before making any decision regarding investments or your personal finances.

About Coin News Desk Team