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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 Etleneum?

On Etleneum, developers have the opportunity to create code that manages digital assets, operates exactly as intended, and is accessible from anywhere in the world. More than just a wordplay on Ethereum, Etleneum is a genuine platform designed for smart contracts. It empowers users to build applications that are verifiable by the public and trustworthy, capable of executing customized code while seamlessly integrating with various services, all accessible through an API and optionally featuring a user account system along with authentic Lightning payments. The illustration provided shows a contract that includes two key functions: bet and resolve. In this example, account 74 made a wager with account 12 by calling the bet function (details of the contract and the specifics of the call have been omitted for clarity). Afterward, an anonymous oracle executed the resolve function to conclude the wager, resulting in account 12 receiving the total amount of satoshis. Essentially, smart contracts are composed of a set of functions, linked funds, and a JSON state; the calls may or may not be traceable and may involve satoshis or be independent of them. This versatility opens the door to a multitude of creative and groundbreaking applications that can be developed on the Etleneum platform, showcasing its potential to redefine how digital transactions are handled.

Media

Media

Integrations Supported

1ML
Bottlepay
Breez
Electrum
Elysium
Etleneum
Fountain
Galoy
Impervious
LNPay
Lightning Network
Lightspark
Muun
Nayuta Core
Neutronpay
Simple Bitcoin Wallet (SBW)
Snort
Sphinx
Wallet of Satoshi
Zeus

Integrations Supported

1ML
Bottlepay
Breez
Electrum
Elysium
Etleneum
Fountain
Galoy
Impervious
LNPay
Lightning Network
Lightspark
Muun
Nayuta Core
Neutronpay
Simple Bitcoin Wallet (SBW)
Snort
Sphinx
Wallet of Satoshi
Zeus

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

Etleneum

Company Website

etleneum.com

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