Danish Lightning ®

In Danish

The mission

To facilitate payment by the Bitcoin Lightning Network (BTC LN) in Denmark.

This is done by

Running a lightning network node

This depends on the great work being done by the team programming the Lightning Network Daemon (LND). Danish Lightning has been online since January 2018. The code for the beta version is published on github.com.

The present node has the ID

039ac7c1536c2441cf42c9964d2614984cbc99f7ffb474e9affb451af8210a9c6f@5.186.60.13:9735.

Target Date
  Live node on testnet     January 2018  
  Setup a little shop on testnet     June 11th 2018  
  Live node on mainnet     September 8th 2018  
  Run the little shop on mainnet     September 9th 2018  

Help companies that want to receive payments in Bitcoin

Target Date
  Setup a secure server for writing bills and receiving payments     August 2019  
  Buy a certificate to become part of the chain of trust     Awaiting the need  
  Opening channels to all Danish companies receiving LN payments     Continuous  

Companies may use Danish Lightning as a trusted party using the server at Danish Lightning to issue bills and receive payment. The implementation is quite simple, but relies on trust in a third party.

The secure server is running with self-signed certificates. To become a certificate authority (CA), one has to pay. If your security service can accept a self-signed certificate, or your IT department can issue a key, the system is ready to run.

Another solution is that your company runs a bitcoin node, for instance "Bitcoin-core" with a copy of the full block chain, on a server belonging to the company. On top of this, run LND, which is a lightning node. Download and modify the code that interfaces to LND. Finally, interface the code with shop's software. This setup has the advantage that the company itself - not Danish Lightning - controls the funds.

Help making the LN a circular economy

The point of LN is fast and cheap transfer of value. When opening a channel from Danish Lightning to a company with a capacity of - say - 10.000 DKK, a fee must be paid to the Bitcoin miners. When the company has received a little below 10.000 DKK, the channel is used up. It can be closed, and a new one opened. But Danish Lightning proposes, that the company spends the money using the same channel, so that it can reamin open for business.

The same goes for the customers. They should ideally receive as much as the spend, keeping the channels viable.

Danish lightning will offer companies to buy back their BTCs, when the company has received the payment. The costs of the exchange is estimated equal to the price of the money transfer. There are no plans of making a BTC exchange.

Contact

e-mail: Allan Lind Jensen

Telephone +45 3025 3208

Home Page

Financial regulation

Danish Lightning will cooperate with the authorities in all ways possible to disclose any money loundering and other criminal activities.