Exchange USDT (TRC-20) to Bitcoin Lightning Network | FixedFloat

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Lightning cryptocurrency exchange

Tether (USDT) was created by Tether Limited in 2014. The developers were able to qualitatively implement a curious idea — to combine a real-life currency and blockchain technology. As a result, the USDT stablecoin appeared — its rate is almost always equal to 1 US dollar. In 2019, USDT was released on the TRON blockchain using the TRC-20 protocol.

USDT smart contract

Do not submit USDT through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original USDT contract in the network TRX.

Transaction processing speed in the TRON blockchain

The network is capable of processing about 1 500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer.

Network fee

Despite the similarities to Ethereum, TRON has a number of distinctive features. One of them is the energy that is needed to conclude smart contracts on the Tron blockchain. Energy can be obtained by freezing TRX in the wallet. If you have no energy and you have created a transaction, TRX will automatically convert to the required amount of energy. Therefore, to work with tokens, the wallet must have TRX.

A brief history of the Lightning Network

The Bitcoin community has long been baffled by the scalability issue. The speed of transactions fell, and the network fees grew. In 2015 Thaddeus Dria and Joseph Poon proposed a solution called the Lightning Network. The idea was to carry out some of the transactions outside the network, thereby reducing the load on the BTC blockchain. In 2018, the Lightning Network was launched in Bitcoin.

The Lightning Network is a system that helps users move funds among themselves without having to use a blockchain to verify a transaction. Instead, there is a quick check of funds from the sender and a request from the recipient who agrees to the transaction.

Problems you may encounter while getting the Lightning Network

  1. If during the creation of an order when inserting an invoice, an error occurs about the absence of a path, this means that there is no created channel between our node and your wallet node. A channel is required to send and receive payments on the Lightning Network. If there is no open channel between our node and your wallet node, the payment will not be executed. It is recommended to try using a different wallet.
  2. If the order page indicates that the order was completed, but you did not receive the funds, then the reason for this may be:
  • Disconnected intermediate node. If one of the intermediate nodes is offline, the transaction may be delayed.
  • Insufficient amount of deposits on intermediate channels. Intermediate nodes cannot forward the payment due to lack of coins.
  • The invoice is out of date. Each invoice has a validity period. Of this term has expired, the payment will not work.

If your order is completed, but you have not received the funds, please contact technical support. We can help you quickly.

Lightning Network Speed

Since transactions on the Lightning Network do not end up on the blockchain, they are almost instantaneous. But if one of the intermediate nodes is off the network, the transaction may be delayed.

exchange in 3 easy steps

  1. Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
  2. Click the “Exchange now” button and you will be taken inside your order.
  3. Send Tether (TRC20) to the address from your order, after the required network confirmation, Bitcoin (Lightning) will be sent instantly.

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