Lightning contracts have become available in the main network of P2P-exchange Hodl Hodl

Exchange Hodl Hodl announced that Lightning contracts became available in the main network of the P2P platform.

Lightning trades available on Hodl Hodl's MAINNET https://t.co/HVqmcKo14Q

– Hodl Hodl (@hodlhodl) 5 worm 2019 r.

“Finally, we announce that Lightning trading is available at hodlhodl.com. Now everyone can buy Bitcoins and get them directly to their Lightning wallet, as well as sell BTC directly from this wallet, ”the exchange said in a blog .

The trade process using Lightning Network technology (LN) at Hodl Hodl involves several steps:

1. a contract is created between the buyer and the seller;
2. the seller deposits Bitcoins from his LN wallet;
3. the buyer pays the seller in accordance with the agreed method of payment;
4. The seller sends the funds directly to the buyer’s LN wallet.

Also, users have the opportunity to choose two modes of operation: Lightning and On-Chain. Depending on which mode is selected, users will trade on the Lightning Network or on the main (onchain) Bitcoin network.

The principle of operation of on-mine contracts for Hodl Hodl has not changed – funds are blocked in the unique escrow address that the exchange generates.

According to 1ML , the Lightning Network currently has 8650 nodes on the second tier network, interconnecting 34,754 payment channels. The capacity of the LN network is 947.09 BTC ($ 7.3 million).

Recall that in the test network exchange Hodl Hodl Lightning-contracts became available in mid-May.

Also earlier, BlockchainJournal reported that Bitrefill and ACINQ launched a 1 BTC LN channel.

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