Sentences with phrase «transactions at lightning speed»
This allows users to make transactions at lightning speed — hence the name.
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Just as the name suggests, Lightning Network is a technology upgrade that allows transactions to process at high speeds.
Streamity aims to transform the cryptocurrency exchange ecosystem and redefined the already lost glory of lightning speed transaction at the lowest cost cryptocurrency once had.
This comes at a time when the Bitcoin network developers are working on the Lightning network project which will reduce the transaction cost when using Bitcoin and increase the speed of transactions per second.
The Lightning Network test net has gone live and is currently processing test transactions at incredibly high speeds.
However, litecoin is on the road to using the Lightning Network, which builds a second layer so transactions can zip across the world at unprecedented speeds and volumes.
According to the BTC team, all transactions done via LBTC will travel at lightning speed, and the network will be capable of processing up to 24 million transactions on a day to day basis.
The fundamentals of this currency — transaction speeds, fees, and ability to scale through Segwit and lightning network — have all proved to be superior to Bitcoin at this point.
Blockchain has become an increasingly attractive piece of technology for the financial industry, both for its secure transactions, and the lightning speed at which transactions are processed.
A recent transaction posted on Twitter from inside the offices of prepaid phone payment provider, Bitrefill, used the Lightning network to top up a mobile (for real) at near instant speed with zero fees.
A recent transaction posted on Twitter from inside the offices of prepaid phone payment provider, Bitrefill, used the Lightning network to top up a mobile (for real) at near instant speed with zero fee, as the Tweet touted.