Blockchain Launches Thunder Network Prototype – News Bitcoin News


Blockchain Launches Thunder Network Prototype

Thunder, a project by, is a collection of alternate nodes that allow users to make bitcoin payments off-chain in seconds, and sync with the standard Bitcoin network later. Unlike traditional payments made with bitcoin that can take up to an hour for a healthy number of confirmations, transactions made on the Thunder network are said to be ideal for quick payments and could lead to an increase of use for businesses that deal primarily in face-to-face transactions with their customers.

Also read: IBM Exec to US Gov’t: ‘Safeguard’ Blockchain Innovation or Risk Falling Behind

Introducing Thunder

Thunder has, according to tests by, creates a system that will allow for very cheap payments with fees developed by the free market that will be “fundamentally lower than on-chain payments.” All transactions on the Thunder network are encrypted and take place only after authentication, which protects all parties involved with each transaction. Furthermore, payments made on the network are irreversible once they are seen by both parties while being instant in nature.

An off-chain network like this opens up increased utility of the blockchain and could pave the way for further innovation of the technology to create a widely used system of instant, trustless payments between parties. This development in Bitcoin technology could be huge for both business and financial applications. Currently, the Thunder prototype does not support transactions that are enforceable at the Bitcoin protocol level, meaning that testing the system is best for a trusted network of users. Developers and friends are encouraged to test the system but not use it for real payments yet.

Thunder hopes to get the prototype in the hands of users as soon as possible and to gauge the readiness of the network for large-scale adoption from users. By issuing the alpha software to users, people can begin to test and develop extensions for the new technology or perhaps even new products or services. The open source alpha is available on GitHub for anyone to use.

If the system is successful in creating a system of secure, instant transactions with lower fees, it’s likely that Thunder could lead to an increase in Bitcoin transactions and increased usage among the general population that doesn’t yet use the payment system.

What do you think about the Thunder network? Let us know in the comments below!

Tags in this story
Bitcoin Blockchain,, Scalability, thunder network

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Drew Cordell

Drew is an undergraduate student at the University of Texas at Dallas, majoring in Business. He is an active member of the Cryptocurrency community, and enjoys collecting, trading, and writing about various coins. Outside of the digital currency world, Drew tends to spend his time with friends, playing video games, or studying. Feel free to email him with news tips or questions at

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