{"id":375451,"date":"2019-03-20T21:00:11","date_gmt":"2019-03-20T21:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=375451"},"modified":"2024-06-11T07:38:12","modified_gmt":"2024-06-11T07:38:12","slug":"lightning-network-bitcoin-adoption","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/lightning-network-bitcoin-adoption\/","title":{"rendered":"Will Lightning Network\u2019s Latest Feature Help Bitcoin Achieve Mass Adoption?"},"content":{"rendered":"

Lightning Labs, one of the major contributors to the Lightning Network<\/a>, has announced the alpha launch of a new feature coming to the second layer micro-payments solution on top of the Bitcoin<\/a> network. Lightning Loop, as the update is called, aims to address current issues surrounding channel capacity limits with regards to some of the early applications of the technology.<\/p>\n

Until Lightning Loop, once a user\u2019s channel reached maximum capacity, it could accept no more payments. Obviously, for businesses hoping to use Bitcoin\u2019s Lightning Network as a payment method, such interruptions in service are unwelcome.<\/p>\n

Lightning Loop: Making Bitcoin Payments Easier to Receive Using Lightning<\/h2>\n

The alpha launch of the first stage of Lightning Loop was announced by Lightning Labs earlier today via Twitter and an accompanying blog post<\/a>. This initial phase of the update is being referred to as Loop Out.<\/p>\n

The idea is that users can offload Bitcoin from their Lightning Channel and back on to the main chain, freeing up the maximum channel capacity to receive additional payments, whilst keeping the channel open.<\/p>\n

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Announcing the alpha release of Lightning Loop, a non-custodial service that makes it easier to receive #bitcoin<\/a> on Lightning.<\/p>\n

With Loop, users can get inbound capacity and withdraw from Lightning while keeping channels open. \ud83d\udd01<\/p>\n

Read more and try it out: https:\/\/t.co\/KoAXDm9JFl<\/a><\/p>\n

— Lightning Labs\u26a1\ufe0f\ud83c\udf60 (@lightning) March 20, 2019<\/a><\/p><\/blockquote>\n