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Today, March 15, Lightning Labs announced lnd 0.4-beta, the first beta release of the Lightning software implementation spearheaded by the development company. This makes lnd the first ever Lightning implementation to be marked as beta, meaning that the development team deems it to be feature complete and safe enough for use on Bitcoin’s mainnet — though the software could still contain bugs. In conjunction, Lightning Labs has also announced a $ 2.5 million seed investment round, which will fund further development of lnd.
The first official beta implementation of the Lightning Network (LN) went live March 15 as developer Lightning Labs announced it had won $ 2.5 million in funding.
Lightning’s Mainnet Milestone
The Lightning Network Daemon (styled ‘lnd’), which enables easy access to LN for developers, represents the first mainnet beta release for the technology, which is tipped to revolutionize Bitcoin’s use as a currency.
“This release is also the first release of lnd that has an option to run on Bitcoin’s mainnet, with the necessary safety, security, and fault-tolerance features required for real-world, real money usage,” Lightning Labs wrote in an accompanying blog post.