As a word of warning however, Jack Mallers ZAP Beta is just a Beta release for now and meant for TestNet testing only. Although you can modify it to work also in MainNet, it is not recommended. So to avoid loosing your REAL BitCoins try out that Beta in TestNet ONLY! DO NOT use your real CryptoCurrency in there just yet. Would be sad if you lost it due to some bugs still existing in the Early Release.
What is Lightning Network?
Lightning Network is said to be the future of BitCoin / BlockChainTransactions. This next Gen System should allow:
Much faster Payments.
Billions of transactions per second.
Lower fees for BlockChain transactions.
Cross BlockChain functionality between BlockChains that use the same cryptographic hash function.
For better understanding of what is Lightning Network, Check out Franklins explanation below:
The Lightning Network is still rather new, as just some months ago Developers at BlockStream made first transactions in TestNet Lightning Network System. Also some ordinary people have successfully completed their first Lightning Network transactions.
As the ordinary Lightning Network usage involves a lot of commands via command line, it is clear however, that lightning network beta wallet ZAP is the next step in the evolution of CryptoCurrency and BlockChain Technologies.
Porsche testing BlockChain Technology for Cars
Porsche testing BlockChain Technology for Cars in co-operations with XAIN a startup based in Berlin. What is going on?