Wallet Demo Showcases Lightning-Like Network for Ethereum

Two technologies designed for bitcoin and ethereum appear to be converging.

A new video demo released this week, presented by ETH Zurich researcher Arthur Gervais, shows how ethereum wallets might function with a mechanism like Lightning Network – a payments protocol originally designed to enhance bitcoin.

It’s a notable step, as off-chain payments networks have long been touted as scaling solutions for blockchains such as bitcoin and ethereum. And although the wallets are not yet ready for use, the demo, from Gervais’ new project, called Liquidity Network, signals that more people in the ethereum community are interested in adopting the technology.

To users, the wallet functions similarly to other ethereum wallets, in that it allows users to send and receive ether. But under the hood, the wallet is more complex, allowing users to connect to so-called “hubs” if they can’t connect directly…

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