Purse.io, a portal that allows you to make purchases with bitcoin (BTC) on Amazon, has integrated the Lightning network with the aim of facilitating the experience of its users thanks to the speed of this technology to process payments.
According to announced on their blogfor about a month will be conducting tests, along with those customers who want to participate and experiment, on how to buy on Amazon with bitcoin and Lightning. After this phase, they will enable Lightning features across their platform for everyone.
Lightning, which is a second layer solution for Bitcoin, allows you to send large and small amounts of BTC almost instantly, through a network of payment channels. Its growth and integration with various services has facilitated the adoption of this cryptocurrency among hundreds of markets and communities around the world.
Purse has the particularity of being one of the first stores that allowed Amazon to buy with bitcoin, also offering refunds for purchases (cash-back) and discounts.
Another positive aspect is that, with the implementation of Lightning in this portal, users will be able to save on transaction fees, paying very few satoshis (fractions of BTC). In addition, they will not be exposed to delaying their purchase due to a delay in the confirmation of their payment in the main chain or mainnet of Bitcoin.
Why is Lightning a reliable option for online purchases with bitcoin?
In his post, Purse explains his reasons for implementing Lightning based on this situation, also considering that Bitcoin creator Satoshi Nakamoto’s vision was to create “a purely peer-to-peer version of electronic cash.” , as the white paper says, its founding document.
Purse explains that periods of congestion or “bottlenecks” have sometimes occurred in Bitcoin, arguing that the block size limit on the main network means that in periods of high transaction volume the commissions increase substantially to the detriment of users, who do not want to spend more bitcoins. This congestion, they say, could cause transactions to take several hours or days to finally confirm.
“Cryptocurrency protocols have a dilemma between decentralization and cheap and fast transactions. Although it is possible to increase the block size to reach the scale of a network such as Visa, which processes 47,000 transactions per second, only a handful of institutions could validate that registration since it would require that each Bitcoin block weigh 8 gigabytes, which would be 400. terabytes of data per year. This would cause centralization.”
Purse.io
The company of e-shopping with bitcoin he used the Lightning implementation of Lightning Labs, one of the most used in this protocol. According to Purse, engineers at Lightning Labs designed an integration with the Bcoin client, which is an alternative Bitcoin client and it is executed through the NodeJS tool, an execution environment for programs written in the JavaScript language.
Notably, Purse plans to continue developing Lightning functionalities, and they even mentioned projects like Taro, a protocol that works on top of Lightning and allows the issuance of tokens such as stablecoins or currencies with a value tied to fiat currencies such as the dollar, as we have seen. reported in CriptoNoticias.
Users who want to experiment with implementing Lightning in Purse.io You can apply through this formto test how to make purchases on Amazon with bitcoin.