Radar Relay Announces Radar ION to Enable Bitcoin’s Lightning Network

2019-2-13 19:26

Months after raising a whopping $10 million in investment funding, Radar Relay is back on the headlines again, this time with some rather earthshaking news. The cryptocurrency startup is introducing Radar ION, an interesting technology meant for those who use their Lightning Network.

Radar Relay, a ‘trustless token trading platform for Ethereum tokens, will let users of its network leverage Radar ION and choose and fund their wallets using Testnet Bitcoin. The technology will also help its users know the apps that allow quick Lightning-based payments.

At the moment, ION’s wallets and applications are both featured on Bitcoin testnet called Mainnet. The first recommendations regarding the best apps for Lightning-based payments will be out soon, probably in a couple of weeks’ time. The news will probably be out at just about the same time when the Radar team will be readying itself to announce more apparatuses and resources that suit the Lightning network.

About the Lightning Network

It’s not easy to put into words what exactly a Lightning Network is. However, for something that has been hailed as the solution to the myriad of cryptocurrency scaling, it isn’t that hard to understand what it is. And so, a Lightning Network basically is what has been referred to as a ‘P2P web and it consists of over a thousand nodes, all operating unanimously without anyone’s permission.’

Our next product is live!

Meet @radar_ion your guide to join the Lightning Networkhttps://t.co/kSRX6S2mLY pic.twitter.com/tIAfpeuRrz

— Radar Relay (@RadarRelay) February 12, 2019

The nodes ideally are anything from similar computers, smartphones, and PoS systems to websites. They work as a web, assuming a mesh-like pattern with 2-party agreements, what’s fondly known as ‘payment channels.’

The essence of the nodes is to conduct a successful Bitcoin payment in uniform, a process that often takes seconds and still reduces the transaction fees to insignificant rates. And when that’s done, crypto enthusiasts would say scalability has been enhanced.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 13th)

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ION (ION) на Currencies.ru

$ 201.59 (+0.02%)
Объем 24H $422
Изменеия 24h: 1.34 %, 7d: 3.26 %
Cегодня L: $201.59 - H: $201.59
Капитализация $0 Rank 6568
Цена в час новости $ 0.1648 (122224.03%)

radar relay network lightning ion meant cryptocurrency

radar relay → Результатов: 16


Top Bitcoin, Blockchain and Cryptocurrency News Headlines For Today [VIDEO]

Spiking Blockchain and AI Asset Validator Raises $30 Million for Crypto Price Analytics Spiking Blockchain and AI Asset Validator Raises $30 Million for Crypto Price Analytics Amberdata Adds Automated Ethereum Blockchain Smart Contract Security Audits Amberdata Adds Automated Ethereum Blockchain Smart Contract Security Audits Radar Relay Ether Coin Trading Platform Introduces dYdX Protocol ETH Short […]

2018-10-28 23:48


Фото:

Radar Relay Targets Tokenized Shorts

There’s good news for Dr. Doom—you can now make money when crypto crashes, without needing to go through Augur or a centralized exchange.  Radar Relay, a decentralized exchange built on the 0x protocol, has announced the launch of a new kind of asset—short tokens, which provide a payoff if the asset behind them declines in […] The post Radar Relay Targets Tokenized Shorts appeared first on Crypto Briefing.

2018-10-27 18:35


Стартап Radar Relay привлек $10 млн на развитие децентрализованной токен-биржи

Позиционирующий себя как децентрализованная токен-биржа стартап Radar Relay завершил очередной раунд финансирования, в рамках которого привлек $10 млн. В числе инвесторов значится известная венчурная компания Blockchain Capital.

2018-8-2 13:47


Децентрализованная биржа Radar Relay собрала $10 млн. на дальнейшее развитие

Децентрализованная биржа токенов Radar Relay завершила раунд финансирования A на $10 млн. 1 августа стартап объявил о том, что этот раунд возглавила инвестиционная компания Blockchain Capital. В финансировании также участвовали Tusk Ventures, Distributed Global, Reciprocal Ventures, Elefund, Slow Ve...

2018-8-2 10:37