What is Lighting Network The Lightning Network is a method of enabling cheaper and faster transactions through a second layer built on top of the Bitcoin blockchain, therefore keeping the security of the base layer of blockchain fully intact. What is the Bitcoin scalability problem? The Bitcoin network has a limited capacity to handle large…Continue readingWhat are the benefits of Lightning Network?
Tag: Bitcoin Lightning Network
The Lightning Network, or LN for short, is the second layer added to the Bitcoin network. This technology uses micropayment channels. This network allows transactions to be made outside the blockchain network. This feature increases the efficiency of transactions on the network and provides lower fees and faster transactions. Also, Lightning Network reduces congestion by…Continue readingBitcoin Lightning Network And A Simple Review Of This Network