🔍 What is the Lightning Network?

The Lightning Network (LN) is a second-layer payment protocol that operates on top of Bitcoin. The Lightning Network was created to address the scalability challenges associated with Bitcoin, making it faster, cheaper and easier to use, while retaining the same level of security.

It is used for the kind of payments that you would expect when shopping: fast, cheap and reliable. It also allows for micro-payments: the sending of extremely small amounts of money, in the order of one ten-thousandth of a cent at a time.

Updated on: 20/02/2022