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What is Lightning Network?

The Lightning Network for Bitcoin facilitates instantaneous payments, offering quick blockchain transactions that circumvent the typical wait associated with block confirmations. It boosts security through smart contracts on the blockchain, negating the requirement for distinct on-chain transactions for every payment. Users can enjoy transaction times that vary from milliseconds to just seconds. This innovative network features impressive scalability, able to manage millions or even billions of transactions every second, significantly eclipsing the capacity of conventional payment systems. Moreover, it allows payments to be tied to specific actions or clicks without relying on intermediaries. Another advantage is its cost-effectiveness, as off-chain transaction settlements lead to significantly reduced fees, enabling groundbreaking applications such as real-time micropayments. The Lightning Network also facilitates cross-chain atomic swaps that can be executed instantly and off-chain, given that the involved blockchains share the same cryptographic hash function. This capability for interoperability among various blockchain systems introduces exciting opportunities for smoother financial exchanges. With its dynamic features, the Lightning Network is set to revolutionize the way transactions are conducted in the digital realm.

What is Centaurus?

A constellation is a deployed cluster that comprises a primary server, known as the alpha, along with a range of 5 to 19 auditor servers operated by various organizations or business entities, each of which publicly authenticates its identity using a standard Stellar ed25519 public key. The stability of the organizations involved and their public keys, which are not expected to change often, makes it beneficial to incorporate these public keys into client software for straightforward signature verification on the client side. Funds that are gathered from clients are stored in a singular Stellar account called the vault, which is protected by an M-of-N multi-signature framework; here, N denotes the total number of independent servers within the constellation, while M is defined as the majority of votes plus one, requiring more than 50% of the signatures. For any withdrawal to be carried out, the majority of signatures from the quorum participants must be obtained, a procedure that is bolstered by the Stellar ledger's inherent integrity. Transactions, including payments and trades, are confirmed almost instantly, achieving finality within five seconds, thereby facilitating a swift and secure financial ecosystem. This synergy of advanced technology and governance structures establishes a resilient foundation for asset management within the constellation, promoting trust and efficiency among participating entities. The clarity in the operational framework and security measures ensures that participants can confidently engage in transactions knowing their assets are well-protected.

Media

Media

Integrations Supported

1ML
Bitaroo
Breez
Elysium
Etleneum
FixedFloat
Fountain
Galoy
Impervious
LNPay
Lightspark
Mutiny Wallet
Phoenix Wallet
Primal
Simple Bitcoin Wallet (SBW)
Speed
Tallycoin
Zeus
Zion

Integrations Supported

1ML
Bitaroo
Breez
Elysium
Etleneum
FixedFloat
Fountain
Galoy
Impervious
LNPay
Lightspark
Mutiny Wallet
Phoenix Wallet
Primal
Simple Bitcoin Wallet (SBW)
Speed
Tallycoin
Zeus
Zion

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Lightning Network

Date Founded

2015

Company Website

lightning.network/

Company Facts

Organization Name

Centaurus

Company Website

github.com/centaurus-project/centaurus

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