The Lightning Network is a “second layer” payment protocol that operates on top of a blockchain (most commonly Bitcoin). It enables instant transactions between participating nodes and has been touted as a solution to the bitcoin scalability problem. It features a peer-to-peer system for making micropayments of digital cryptocurrency through a network of bidirectional payment channels without delegating custody of funds or trust to third parties.
Created as the first decentralised digital currency of the future, Bitcoin heralds its spot as the first cryptocurrency. Bitcoin gives rise to a new worldwide payment system which is rapidly being adopted on a […]