Bitcoin revolutionized the financial world with its decentralized, peer-to-peer transactions. However, as its popularity grew, so did its challenges. Enter the Lightning Network - a game-changing solution taking Bitcoin to new heights. Let's dive into what makes this technology so electrifying!
- What is the Lightning Network?
- Why did the Lightning strike?
- A brief history of the storm
- Current state of the network
- How does the Lightning Network work?
- Benefits: why should you care?
- How to ride the Lightning
- Self-custodial approach (for the tech-savvy)
- Custodial approach (for beginners)
- The future of Lightning
- Conclusion
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52 sats \ 0 replies \ @DarthCoin 1 Jul
I do not like to say "LN is a layer 2 for Bitcoin".
For me LN is THE payment network of Bitcoin.
In fact LN was created not because of high fees, but because Bitcoin needed an instant settlement for payments.
Bitcoin cannot scale without LN and LN cannot exist / function without Bitcoin (onchain).
But yeah, in general this is a good article for beginners.
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