The third article in the Bitcoin Layer 2 series. This article covers the Lightning Network created by Joseph Poon and Tadge Dryja. The Lightning Network is a routed network of payment channels ...
The Lightning Network enables fast, low-cost Bitcoin payments using a secure layer-2 protocol. Payment channels allow instant, off-chain transactions, settling on-chain only when channels close.
Bitcoin’s scalability issues mean that smaller transactions can congest the blockchain. The Lightning Network was created to fix that. Since each block on Bitcoin’s blockchain takes an average of 10 ...
The Lightning Network is a routed network of payment channels originally proposed by Thaddeus Dryja and Joseph Poon in 2015, with major implementations having been built by Blockstream (CLN), ...
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