Litecoin meets Lightning

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February 15, 2018

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THE FEATURE

Bitcoin Isn't the Only Crypto Adding Lightning Tech Now

Lightning is spreading across the cryptocurrency landscape.

Originally designed for use on bitcoin, Lightning is touted as a way to make transactions faster and cheaper by moving them to a layer above the blockchain. The world's largest cryptocurrency by market size was also the first to implement the concept. But with scalability emerging as a pressing issue across the industry, developers of other cryptocurrencies aren't letting the once-novel idea go to waste.

Entering 2018, litecoinzcashethereum and ripple are just a few of the many cryptocurrencies planning to implement or test some form of the lightning network.

Known as the "silver to bitcoin's gold," it's perhaps not a surprise that litecoin is one of the furthest along, working closely with startup Lightning Labs to launch its version at the same time as bitcoin's.

But others are close behind, with developers taking formal steps to add the concept to their outlooks.

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