November 27, 2022

Blockstream: Lightning Network branded payment technology trials complete

The Lightning Network Bitcoin Layer 2 protocol will soon be able to process larger amounts. payments, said Samson Mow, Chief Executive Officer, Strategic Development, Blockstream.

In a commentary on Decrypt, Mou said thattests of branched payment technology are completed. This means that soon the solution can be officially launched, although he did not specify the exact time.

According to Mou, this is "the most important [technological] achievement of the year."

Technology, also known as atomicforked payments (Atomic Multi-Path Payments, AMP), solves the important problem of scaling the Lightning Network in terms of limited access to liquidity.

This is achieved due to the fact that multiplepartial payments go through various channels. Small parts of the payment can be delivered to the recipient only if the remaining amounts pass. Thus, the recipient receives the full amount of funds. In this case, the same security mechanisms are used as for payments passing through a single path.

As ForkLog wrote earlier, AMP technologyinitially proposed in 2018 by Lightning Labs developers Olaoluwa Osuntokun (@roasbeef) and Conner Fromknecht. It is also expected to increase the privacy of intermediaries in the Lighting Network and further reduce transaction fees.

Recall that earlier in December, the Bitfinex exchange added support for the Lighting Network.