The Lightning Network

An informative overview of the Lightning Network, Bitcoin’s second layer scaling solution. “Second layer” means that this technology does not run directly within the Bitcoin protocol, but sits on top of it. In a nutshell, it’s a system for state channels (trading between 2 parties) to link up between one another to form a kind of mesh for transactions to be sent to people quickly and without having to pay the large transaction fees currently required on the main Bitcoin blockchain. If Bitcoin hits the mainstream, this tech will be a big reason why. 


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