A new era in cryptocurrency begins...

Today marked the beginning of a new level of scalability in Bitcoin and Litecoin's mainnet. This new protocol allows for astoundingly fast transactions, in addition to app support via programming that can take advantage of the new Lightning network.

The network has been established for some time now, being tested by developers, but is now considered ready for experimentation by a broader range of users. Bugs still exist, but features and security are at such a level as to now be considered a beta stage of development.

For more details about the Lightning implementation, have a read of this informative article. The Lightning network is about much more than just speed and efficiency. It allows for far more programmability and a much broader range of use for Bitcoin, Litecoin, and other Lightning-compatible currencies. This is an important step forward in spreading the utility of cryptocurrencies.

It does make one wonder if altcoins may suffer due to their potential irrelevance in the face of this huge advancement. Expect Bitcoin's dominance to grow in response to this innovation. These are exciting times in the world of Bitcoin!

*This is not professional trading advice - it's just my opinion!

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source:

https://bitcoinmagazine.com/articles/lightnings-first-implementation-now-beta-developers-raise-25m/

image source:

https://bravenewcoin.com/news/the-lightning-network-edges-closer/