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What is the Lightning Network in Bitcoin?

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What is the Lightning Network?



The Lightning Network is a proposed solution to the Bitcoin scalability problem.

It would feature a P2P system for making micro payments of digital cryptocurrency. Scale-free network of bi-directional payment channels without delegating custody of funds or trust to third parties.

 

Benefits of the Lightning Network:

  • Drastically lowered fees
  • Instant payments
  • Improved privacy

 

Here are the advantages of lightning Network:

  • Rapid payments
  • No third-party trust
  • Onion style routing
  • Multisignature capable
  • Securely cross walk-ins

 

Find out more at cryptoversal.com.

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