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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 GumboNet?

Enterprise blockchain functions as a private network that facilitates the establishment and automation of peer-to-peer business ecosystems. Organizations stand to gain significantly from its enhanced security, efficiency, trustworthiness, and transparency throughout the business value chain. GumboNetâ„¢, a tailored Blockchain-as-a-Service (BaaS) platform, encompasses all the essential features enterprises need to streamline B2B transactions and drive genuine digital transformation. Our BaaS offering delivers a comprehensive solution for private blockchain implementation, simplifying the complexities often associated with traditional deployments. To develop the most effective BaaS solution, we integrate our advanced network infrastructure with private blockchain capabilities, smart contracts, a marketplace, collaborative business networks, and various additional services, ensuring a holistic approach to enterprise needs. This innovative combination empowers businesses to operate more effectively in the digital landscape.

Media

Media

Integrations Supported

Bitcoin
Bridge Wallet
Build on Bitcoin (BOB)
Coinos
Damus
Eclair Mobile
Elysium
Etleneum
Exodus
FixedFloat
Fountain
Hiro Wallet
Keet
Mash
Neutronpay
NiceHash
RoboSats
Sphinx
ZapRead
lntxbot

Integrations Supported

Bitcoin
Bridge Wallet
Build on Bitcoin (BOB)
Coinos
Damus
Eclair Mobile
Elysium
Etleneum
Exodus
FixedFloat
Fountain
Hiro Wallet
Keet
Mash
Neutronpay
NiceHash
RoboSats
Sphinx
ZapRead
lntxbot

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

.333% per transaction
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

DATA GUMBO

Date Founded

2016

Company Location

United States

Company Website

www.datagumbo.com/platform

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