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The Founder of Bitcoin Lightning Network Joseph Poon Visited HaoBTC

The Founder of Bitcoin Lightning Network, Joseph Poon, visited HaoBTC at the afternoon of September 21,2016. He talked with HaoBTC‘s engineers about Bitcoin technology for as long as 4 hours.

Joseph Poon, a Chinese American, has beeen involving at Bitcoin space since 2011 and indulging in its research and developent since then. On February of 2015, he publicly introduced first lighting network concept to Bitcoin community and finished the writing of its white paper. In his article, Bitcoin Lightning Network is built upon bitcoin’s blockchain technology, making peer to peer micropayment transactions through off-chain. This will completely break through current bitcoin network’s capacity bottleneck of handling with the number of transactions, and it will perfectly eliminate the propagation delay, scalability, and privacy questions etc.

Lightning Network is meant for solving bitcoin scalability problem, and enabling instant transactions, making it possible that bitcoin network to be able to include as many transactions as it can – even many thousands of micropayments. After the publication of the white paper, this system was praised by many members of the bitcoin community. Even some one said :” lighting network” is probably more important than Satoshi’s Bitcoin white paper.

lightning network founder visited haobtc

In this visit, Joseph Poon was giving simple introduction about how the lighting network works, and talked about the technical requirement and implementation of the Lightning Network, exchanged ideas with HaoBTC’s employees. The CEO Gang Wu said that for bitcoin, lighting network will boost its development, make the transactions instant in millisecond, set the stage for bitcoin network accomodating hundreds of millions transaction in the future.

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