According to the news of AMB Crypto yesterday, a team of BTC fanatics set up a fully functional POS device via the Lightning Network (LN) at a bar called ROOM77 in Berlin.. In this way, in addition to paying customers for beer with BTC, this is proof that the Lightning Network is actually used for the first time.. Thus, Bitcoin is also one step closer to being used as a real currency.
Rene Pickhardt was the first to tweet about it, and she proved it by performing an action in a video under 10 seconds:
Lightning Network is known as a second-layer solution to the Bitcoin scaling problem and basically solves problems such as slow block times and transaction confirmations via off-chain channels by allowing the channel to be recorded on the blockchain after it is closed.. You can find detailed information about it in our article here.. But most importantly, with the Lightning Network, Bitcoin can be used in real time and daily transactions can be made possible.
Although the Lightning Network has been going on for months, it has not yet been applied to a real business.. Now, as it is used in the real world, this technology has proven to be usable in the retail space.. In fact, some reddit writers have said that the scaling debate is over with this event:
“I’m here to announce that the scaling discussion is over.. This problem is solved. We can now return to the core issues of Bitcoin, such as tradability and privacy.” -joecoin
Now, Lightning Network fans, don’t get too excited, because there’s actually a long way to go. Many businesses are still cautious about Bitcoin and undoubtedly lack the expertise to consider the Lightning Network as an option.. However, as cryptocurrencies continue, the Lightning Network will develop more and be more user-friendly and will create a framework for Bitcoin to be the money of the new century.
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