Lightning Network Sees Regular Blockchain Testnet and Mainnet Trials

During the first week of the new year, many cryptocurrency enthusiasts have been talking about the Lightning Network (LN). So far the protocol has surpassed 610 nodes and 1882 channels while many bitcoiners, businesses, and developers have tried the technology on both testnet and mainnet. This week the virtual private network (VPN) service Torguard initiated mainnet LN payments and claim transfers have close to zero fee settlements.

Also read: New Monero Mining Malware Sends Proceeds to Kim Il Sung University, North Korea

Taking Lightning Transactions Further By Playing With Real Bitcoin

The Lightning Network (LN) node count has surpassed 610 nodes this week, and most of the action is taking place on Bitcoin’s testnet. However, news.Bitcoin.com recently reported on the company Bitrefill completing the first “real” LN payment on Bitcoin’s mainnet. Programmer Alex Bosworth paid his phone bill with no fees, and the transactions were settled instantly. Now the anonymous VPN and proxy/email services provider, Torguard, has announced it is now accepting mainnet LN transactions. The company explains customers have to reach out to support for details, and the firm is even willing to take on mainnet LN losses.

“Disclaimer: c-lightning is not production ready — Torguard will cover the loss of funds when sending us LN payments — Testnet is so boring,” explains the VPN service.

Lightning Network Sees Live Mainnet Trials

Torguard’s recent tweet also shows a demonstration of the firm using mainnet Lightning transactions. According to the firm’s representatives, an invoice fee for one month of service costs only 1 satoshi. If a user has a mainnet node for LN they can contact the company and Read More Here