Segwit Status Report – Here Are 10+ Lightning Network-Style Apps in Use Right Now

Segwit Status Report – Here Are 10+ Lightning Network-Style Apps in Use Right Now

Bitcoin.com recently reported on Segregated Witness (Segwit) locking in on Litecoin. On Wednesday, the proposed Bitcoin protocol upgrade finally activated on Litecoin. It was followed hours later by the very first Lightning Network payment on the main Litecoin network.

Also read: Segwit Locks In on Litecoin, Will Activate

Segwit Activated

Litecoin, the altcoin with the fourth largest market cap of almost $1.6 billion at the time of writing, is officially running the Segwit upgrade originally created to help solve Bitcoin’s scaling problems. On Wednesday May 10, Litecoin creator Charlie Lee tweeted,

SegWit has activated on Litecoin!

Litecoin Activates Segwit, Completes First Lightning Network TransactionIn less than half an hour after the announcement, the first Segwit transaction on Litecoin followed. Twitter was ablaze with well-wishers and Bitcoin developers talking about testing out Segwit for its various uses on the Litecoin network. “Thanks to activated segwit, Litecoin is a perfect testbed for btc these days,” tweeted Trezor CEO and Slush pool founder Marek Palatinus. “We can evaluate bleeding edge tech without risking on btc.”

The following day Palatinus followed up with his own news of completing the very first Segwit transaction on the Litecoin network using Trezor. Since his hardware wallets hold litecoins as well as bitcoins, he announced that Segwit would soon be available in Trezor wallets.

Litecoin Activates Segwit, Completes First Lightning Network Transaction

The First Lightning Network Payment on Litecoin

Within hours of Segwit’s activation, Bitcoin developer Christian Decker completed the first Lightning Network payment on Litecoin. This was the “first full, secure Lightning payment on a non-test network,” developer Rusty Russell described.

Decker opened a Lightning channel between Lightning clients in Zurich and San Francisco worth about 1.3 US cents. His test shows the possibility of “microscopic payments not normally possible or economically viable on a blockchain”, Russell added. The transaction also fully settled in a fraction of a second.

Lightning Network Implementations that Support Litecoin

Lee confirmed in a tweet that four out of six implementations of the Lightning Network support Litecoin, explaining that:

There are 6 implementations of the Lightning Network. Most have been tested on Litecoin. Still need work before any are ready for end users.

Litecoin Activates Segwit, Completes First Lightning Network Transaction
Charlie Lee

The Lightning Network projects that Lee mentioned are in various stages of completion. According to him, the four that support Litecoin are Lnd, Lit, C-lightning, and Eclair.

Lnd: Joseph Poon and Tadge Dryja’s Lightning Labs client, the Lightning Network Daemon (Lnd), is the first lightning network software client to be completed and used by developers.

Lit: MIT Media Lab’s Lit is a lightweight client that does not need a Bitcoin node to run and has a wallet built in. Its alpha release, announced on Wednesday, is ready for testing now.

C-lightning: Blockstream’s c-lightning is the client Decker used to make the first litecoin transaction, but the project is not officially completed.

Eclair: Acinq’s eclair is the first Lightning Network client with a Graphical User Interface, where users can run their own lightning networks.

Amiko Pay: Amiko Pay is another Lightning Network project, although it is not safe to use yet as several security measures have yet to be coded.

Thunder: The last Lightning Network that Lee mentioned is Blockchain’s Lightning client for Ethereum called Thunder. While the project is far along, it is not designed to be implemented on Bitcoin.

Lightning Network Derivatives

Litecoin Activates Segwit, Completes First Lightning Network TransactionMeanwhile, some projects being worked on today for Bitcoin use payment channels like lightning networks already today in order to achieve the same benefits.

Moonbeam: A single-channel version of a lightning network, Moonbeam, was recently finished and released. “Moonbeam and Lightning both use payment channels to process Bitcoin payments off-chain but they have different design goals,” states the project’s Github page.

Yours: Ryan Charles has implemented a simple lightning network for user­-to-­user micropayments on his upcoming social content platform Yours. While the main part of the site is not yet launched, users can now test its micropayment system using testnet coins. “Our technology is similar to the lightning network, but does not depend on Segwit and can be used on Bitcoin today,” he explained.

Lumino: RSK Chief Scientist Sergio Demain Lerner’s upcoming Lumino is also an advanced derivative of a lightning network, but it is far from completion at this time. “Lumino is a hub-and-spoke network that uses off-chain payments similar to the Lightning Network,” he told Bitcoin.com in an interview in March.

Bitcache: Even internet bad boy Kim Dotcom hinted that his still-unreleased Bitcache network, necessary to run the upcoming Megaupload 2 (MU2), is a type of lightning network. No launch date has been announced for Bitcache and MU2.

What do you think of Litecoin running Lightning? Let us know in the comments section below.


Images courtesy of Shutterstock, Litecoin, Charlie Lee, Youtube, Twitter, and Segwit


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  • Erik

    It really sound’s like things are not getting easier to use, everything is getting more an more complex, I don’t want to use 10’s of different wallets or tools just to pay for stuff. I want one easy to use wallet, and I want every other user to do the same. It’s 2017 and we still can start explaining to our friends and family how to use a wallet for every day use.

    Unless this all gets intergated in one easy to use SPV wallet this not really a step forwards towards mainstream adoption radar a step backwards.

    Luckily this exactly what DASH evolution is promising it will deliver, if it’s going to bring the ease of use of paypal all in one easy to use lite-client wallet, with works on all platforms allike and the user-data is directly stored on the DASH masternode network.

    If DASH will deliver I can finally start telling people how to use crypto. Mainstream adoption will start 2018 ?!?

    • Brian Menendez

      so basically you are a DASH investor

      • Erik

        So basically you totally missed the point.

        I understand that crypto-currency have lately turned into a stock-market 2.0. And yes I profit form it, so obviously i did so as well from Litecoin.

        It does however not mean I am completely morally bankrupt. The main goal of bitcoin is still to become a better form of money than fiat, so obviously I do think it my moral duty to speak out when we are moving away from that goal, and how we can get back on track. Dash is on that track.

        • Brian Menendez

          see previous comment

    • samuel o Antai

      Yes i see this coming but so many people are are seriously waiting for a unity wallet and if Dash has the answer, bingo to Dash and the hammer falls on who?
      But i see this technology coming from a new desensitized cryptocurrency (Procoin)

      • Erik

        Dash Evolution will be out end of 2017, way ahead of any other coin. I am sure other coins will follow suit as well but the sooner the better we have a crypto currency we can all can get behind, and fight back Governments, the better we are off. Governments are not sitting still at all.

        We are lucky do that we have (fiat) currency wars taking place, Japan for instance want to inflate their currency, that probably why bitcoin is already legal in Japan. But meanwhile AML and KYC policy’s are already firmly in place, the removal of privacy is talked about if could be a good thing, soon it will be sure thing. What happend with exchanged based in China should be proof enough how powerful a Government can strike against an unorganized crypto currency.

  • Shanny Fournier

    Good job on reporting may I suggest a topic for you to talk about

  • Tochukwu

    Things are getting complicated day by day, That’s why Onecoin concept is the best, easy to understand and to use,

    • Brian Menendez

      so basically you are a Onecoin investor

  • Bitcoin & Robin

    Roger “Darth-Ver”, how did this news story slip the shitcoin-unlimited filter? KEK

  • Erik

    Okay your a troll, the video your posted is an interview with a blockstream supporter, and the troll king from the coin named Monero, which actively attacks its competition using FUD.

    Anyways your blocked have nice day

  • Burstup

    Lightning is great tech and I hope Bitcoin will get it soon, Let’s do SegWit + a block size increase.

  • Khurram Javed

    Great job Charlie Lee getting Segwit to LTC.

  • Alberto De Luigi

    I think we all should buy, use and hold Litecoin instead of Bitcoin or any other Crypto. Until segwit is not approved on Bitcoin, Litecoin is the only crypto that can survive in the long run.
    You can read my motivations here:
    http://www.albertodeluigi.com/2017/05/13/to-buy-litecoin-is-must-heres-explained-why/