Lightning contracts have become available in the test network of the global P2P exchange Hodl Hodl

Hodl Hodl, the global P2P Bitcoin exchange, recently announced support for the Lightning Network on its platform, and Lightning contracts are already available on the test network.

As stated in the Hodl Hodl blog, the possibility of buying test bitcoins and getting them into your Lightning wallet is open to all users.

Lightning powered trades available on Hodl Hodl's TESTNET https://t.co/e6o5XINu7N

– Hodl Hodl (@hodlhodl) May 15, 2019

When creating each Lightning contract, Hodl Hodl will generate an invoice for the merchant who sends coins to the Lightning wallet of the exchange. After that, the buyer will be able to pay according to a pre-agreed payment method.

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.

It is expected that the launch of Lightning contracts in the main network will take place before the end of May.

Also in the coming weeks, the exchange plans to release the previously announced platform Predictions by Hodl Hodl , where users, using Bitcoin, will be able to create contracts for various outcomes of events.

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