BEAM has announced that it plans to introduce a Mimblewimble-compatible lightning network (LN) according to a paper published yesterday. Beam’s main goal for implementing the Lightning Network, which would allow for a second-layer scaling solution for quick transfers on value off-chain, is to enhance the altcoin in commercial settings where payments would require quick confirmation.

While Beam’s paper states that their transaction capacity is three times faster than that of Bitcoin’s (BTC), the paper notes that it is not at the same level as other major payment processors.

Written by

A devout futurist keeping a keen eye on the latest in Emerging Tech, Global Economy, Space, Science, Cryptocurrencies & more

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store