The Lightning Network, What Is It. And How Will It Leverage Bitcoin to Buy Your Coffee Before It Gets Cold.

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Lightning Lab

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January 2016 was marked by the foundation of the Lightning lab, a company that focused on developing the lightning network. After two years of hard work of bitcoin developers, the lightning network was completed in February 2018, where this occasion was marked by the purchase of two pizzas using btc on the lightning network by Laszlo Hanyecz.

For those who don’t know Laszlo Hanyecz. He was known as the first person to use bitcoin in a commercial transaction. He purchased in 2010, two pizzas with 10000 BTC.

Later in march 2018, Lightning lab received $2.5 millions of funds from investors including twitter CEO, Jack Dorsey. And since than. The lightning network was deemed ready for regular bitcoin users. Including states such as Salvador who claimed this year the official use of lightning network for btc payment across the country.