Bitrefill Channel-Opening Service Makes Accepting Lightning Payments Easy

Bitrefill Channel-Opening Service Makes Accepting Lightning Payments Easy
фото показано с : bitcoinmagazine.com

2019-1-11 18:02


Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

"This service will let the customer get an empty lightning channel opened to them from Bitrefill’s node, on the Lightning Network. Now anyone can now pay for, or gift, the ability to have a channel opened to a Lightning wallet in order to receive payments over Lightning at any time," according to a company announcement.

The Lightning Network is a protocol built on Bitcoin that allows for instant and cheap payments between users, without compromising the security and decentralization of the cryptocurrency. With Lightning payments, you can make multiple payments at a small fraction of the cost of a regular bitcoin transaction, as you don't have to settle each transaction on the blockchain. Transactions are only settled when the channel is closed.

However, in order to receive Lightning payments, users must have a payment channel open with at least one other Lightning user that has funds on their end of the channel. Without that, there is no way to have funds routed to you. And while it’s possible that a payer opens a brand new Lightning channel to a payee when making the initial Lightning payment, this does require time (a blockchain confirmation) and money (on-chain fees), thus diminishing the advantage of Lightning in that instance.

With Thor, users can purchase an empty channel (potentially also for their friends or business partners) with crypto. Users don’t need to put up any money in the payment channel themselves, while Bitrefill maintains the channel, funded on their end for 30 days. As such, you can immediately start accepting payments through Bitrefill’s channel to you.

The channel opening service from Bitrefill currently works with command-line client LND wallet and the Bitcoin Lightning Wallet for Android. Payments for Thor can be made with custom capacities of 300,000 satoshis to 16,000,000 satoshis using Bitcoin, Lightning payments and a number of other payment options. an empty lightning channel with custom capacities of 300,000 satoshis to 16,000,000 satoshis, and payments for the service can be made through a number of options including bitcoin, Lightning payments and existing Coinbase balances.

The Lightning Network has continued to grow since its first implementation was announced in March 2018 by Lightning Labs.

As of November 2018, the network was supported about 4,070 nodes, with a collective capacity of 223.65 BTC. At press time, the Lightning Network supports 5,241 nodes with a collective network capacity of 563.17 BTC.

This article originally appeared on Bitcoin Magazine.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Lightning Bitcoin (LBTC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.3885
Капитализация $0 Rank 99999
Цена в час новости $ 1.6817 (-100%)

lightning payments channel bitrefill network bitcoin payment

lightning payments → Результатов: 91


Фото:

Lightning Labs to Simplify Bitcoin Payments with Fresh $10M Funding

Lightning Labs, a Bitcoin payments startup has raised $10 million in Series A funding to promote the development of the Lightning payments technology and scale its developer ecosystem. The startup has also launched its first paid product, Lightning Loop to facilitate a more efficient transfer of payments on the Lightning network, according to a blogRead MoreRead More.

2020-2-6 16:00


Фото:

Grandma-Friendly Bitcoin Lightning Network Wallet Launches in Australia

A partnership to roll out Bitcoin payments using the Lightning Network across Australia went live January 4 with the beta launch of Wallet of Satoshi. 1000 Beta Wallets Launch The product of payment gateway Living Room of Satoshi (LRS) and TravelbyBit, billed as “Australia’s first cryptocurrency travel agency,” the wallet aims to bring Lightning payments to entry-level Bitcoin users.

2019-1-4 16:00


Cryptograffiti’s Blockchain Art Collective Profile Promotes Bitcoin’s Lightning Network for Payments

Art Micro Auction Brings To Focus Bitcoins Lightening Network Art is expressive of its times, a certain je ne sais quoi that the artist wants to highlight. And that is exactly what was achieved when a recent auction was held for the artwork by Cryptograffiti, simply named the ‘Black Swan’. The piece is exactly what […]

2018-12-22 20:09


Bitfury сделает доступными Lightning-платежи для приложения Paytomat

Технологическая блокчейн-компания Bitfury Group заключила партнерство с платежной системой Paytomat. В рамках сотрудничества Bitfury добавит возможность отправлять Lightning-платежи через криптовалютный кошелек и приложение для мерчантов от Paytomat.

2018-12-6 17:41


Фото:

Lightning Network Passes 4000 Nodes, Reaches All-Time Capacity High

Bitcoin’s nascent mainnet implementation of the Lightning Network (LN) has reached a new milestone, passing 4,000 nodes for the first time. Lightning Handles $750K Data from monitoring resource 1ML confirms the latest growth of Bitcoin’s second layer designed for fast er and cheaper payments, Lightning Network, which at press time November 13 had a total of 4,026 nodes, of which 2,910 were public.

2018-11-14 05:00


Bitcoiner Pierre Rochard’s New Microsoft Excel Plugin Allows For BTC Lightning Network Payments

The Lightning Network (LN), the ultimate scaling solution for Bitcoin (BTC), shows that it has an incredible potential. The founder of Bitcoin Advisory and software engineer, Pierre Rochard, developed a plugin for Microsoft Excel that would allow Bitcoin transactions to be processed through the LN using the popular spreadsheet. This new solution allows people that […]

2018-10-29 10:58