Check out the main differences between Bitcoin on-chain and Lightning layers, including details about their fees, processing time, and security.
Most people know about Bitcoin, but they don’t know that there are several ways to transact, send and receive money using the Bitcoin network.In this article, we will help you understand the differences between on-chain Bitcoin transactions and transactions on the Lightning Network, the fastest and cheapest network for sending Bitcoin.Let’s go!?Table of Contents
- Understanding Bitcoin On-Chain
- What is Bitcoin’s Lightning Network
- Using Bitcoin On-Chain in practice
- Using the Lightning Network in practice
- Conclusion