What You Need to Know About the Lightning Network in Bitcoin
Bitcoin has been revolutionizing how people transact since its appearance in 2008. However, limitations concerning the volume of transactions the Bitcoin network can handle have caused cryptocurrency innovators to pursue solutions. These include second-layer solutions that promise to boost the viability of the network as Bitcoin scales to potentially serve billions of users. What Is the Lightning Network in Bitcoin? The Lightning Network is an off-chain solution that allows Bitcoin transactions to occur without the need to verify them on the blockchain. Proof-of-work functions in a way that can cause...
