MSDbitco 😈 I 'll tweet what i thought 😉
MSDbitco 😈 I 'll tweet what i thought 😉 1 minutes reading from Bitcoin

What Is the Bitcoin Lightning Network?

What Is the Bitcoin Lightning Network? How Does It Work?

lets discuss that in this thread !!

BTC LightningNetwork Bitcoin

Lightning is a decentralized network that uses smart contract functionality in the Bitcoin blockchain to facilitate instant payments across a network of users.

Imagine buying a cup of coffee with a direct transaction on the Bitcoin blockchain. After payment, the merchant would have to wait at least a few minutes to receive the funds. So in the lightning network the problem has solved.

Due to its decentralized nature, which requires consensus across a broad range of different computers, the Btc network can only process about 7 transactions per second on average. Compare this to 24k trxns

per second on average for a traditional credit card company like Visa.

The Lightning Network is designed to make bitcoin transactions as fast and cheap as possible. It’s part of a newer class of crypto technologies known as “layer 2” blockchains.

Thanks for reading and understanding with me. THANK YOU ..@MSDbitco

This post is based on this twitter thread.


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