Advertisement
Canada markets closed
  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • Bitcoin CAD

    87,260.26
    -950.73 (-1.08%)
     
  • CMC Crypto 200

    1,327.68
    -68.85 (-4.93%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     
  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     
  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     
  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     
  • FTSE

    8,139.83
    +60.97 (+0.75%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Are you missing out on these benefits of lightning apps?

Lightning apps (LApps) are very much in their early days, however, there are a number of LApps that have been created and deployed.

What is a lightning app?

The Lightning Network is a Layer-2 scaling solution designed to enhance Bitcoin’s transaction throughput. It operates on top of Bitcoin by opening payment channels which transactions can be routed through.

Lightning apps are created and managed in Lightning Experience and can be customised to match the way the user works. Similarly to classic apps, LApps give users access to sets of objects and other items all in one convenient place, in the navigation bar.

ADVERTISEMENT

However, unlike classic apps, LApps are able to take things to a higher level. Lightning apps allow creators and users to brand the apps with a custom logo and colour, even allowing utility bars and Lightning page tabs to be added.

By using LApps in the Lightning Experience, users can work more efficiently by being able to switch between different apps. Users can work simultaneously on different apps, giving them a greater advantage over those who can only use one application at a time.

Lighting apps

There have been a number of Lightning apps created over the past year, all aiming to bring the same benefits to their users and developers. Here are some top LApps you should check out.

Lightning Spin

The Lightning Spin game allows users to transfer funds from their Lightning wallets to the game immediately with zero transfer fees. A player can use their Bitcoin to choose the number of spins they wish to place. If a player lands a winning spin, they can send their winnings straight back into their Lightning wallet, again with zero fees. This game is perfect for beginners with no experience of using the Lightning network or wallet.

Lightning Roulette

Whilst Lightning Spin is an effortless ‘wheel of fortune’ type of game, Lightning Roulette is a full-blown game of roulette. It is a fast-paced casino game where players can win up to 500x their original stake. In every round of Lightning, Roulette strikes are actually very common, with one player scooping a massive jackpot of 50 BTC in a single spin. If you are an avid gambler and casino lover, this game will be perfect for you.

Benefits

A major benefit of Lightning apps is that they are immediately structured and compatible for micro-transactions. Having these micro-transactions available automatically lowers the barrier for entry. This, in turn, will help create a large influx of users and gamblers in the future.

LApps also give gamblers another way to get involved with crypto because they are so similar to traditional gambling games in terms of rules and how to play. Gamblers can have confidence knowing they will enjoy the game and lower transaction fees. Gamblers also have an opportunity to experiment with Bitcoin in an easy manner.

Lightning apps also offer higher transaction throughputs. This means users can complete a higher number of transactions at much faster times. Having these faster transactions available allows users to move through games at pace and not wait a long time to receive their winnings.

Conclusion

Lightning apps may be in their early days but they are already making moves in the gaming industry. Make sure you keep up to date with all Lightning Network-related news.

The post Are you missing out on these benefits of lightning apps? appeared first on Coin Rivet.