Yesterday
Blockchain (the company) introduced the ThunderNetwork, a agency to brand payments "off-chain" that volition settle dorsum to the principal blockchain.
ThunderNetwork is based on the lightning network, the same proposed bitcoin upgrade which failed to attain 75% consensus before this year. ThunderNetwork allows payments to hold out funded together with settled dorsum to the principal blockchain (the bitcoin blockchain).
Features:
- Settlement to the bitcoin blockchain
- Scale: According to our tests thus far, nosotros tin attain better-than-Visa scale (100,000 TPS) amongst exclusively a few K nodes on the network
- Extremely inexpensive payments: fees volition educate naturally, due to the gratis marketplace inward an opened upward together with permissionless network together with volition fundamentally hold out lower than on-chain payments
- Encryption together with Authentication: All communications betwixt all nodes together with wallets are encrypted using AES-CTR together with create got house exclusively later on completing authentication.
- Seed Peers together with automatically render them amongst network topology using a basic gossip protocol like to the 1 used inward the bitcoin network, which allows complex routes over multiple hops
- Payment Channels tin hold out opened together with unopen at will, amongst transactions settling onto the bitcoin blockchain
- Payment Debate: Across the road each hop volition renegotiate a novel condition amongst the side past times side hop, every bit a payment makes its agency through the network amongst cryptography inward house to preclude fraud
- Relaying Payments: TN volition relay payments over multiple nodes inward the network automatically, using encrypted routing. No 1 knows who made a payment, allowing for to a greater extent than privacy
- Settle payments automatically, no manual intervention needed. The village volition ripple dorsum through the network to render proof-of-payment
- Instant Payments that are irrevocable the 2nd y'all come across them
This is like to the agency allot of exchanges operate where funds are moved to a greater extent than or less from user to user internally together with thus moved on the blockchain when they are sent elsewhere. The divergence hither is that the ThunderNetwork is an actual blockchain where at that spot are nodes inward a permissionless environment.
That said, Blockchain recommends non using the network exterior of friends together with other trusted parties currently together with until CSV together with SegWit are implemented on the blockchain.
Once inward to a greater extent than of a production form, the network volition hold out may hold out a corporation solution for companies together with institutions that require privacy, speed, together with inexpensive transactions without giving upward the safety together with value of bitcoin together with its blockchain.
The alpha origin code has been released together with y'all tin larn to a greater extent than on Blockchains
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