This post is from a low-reputation account and contains an unverified outbound link. Be cautious before clicking external links.

What Is The Lightning Network All About?

Words
121
Reading
1 min
Listen
Play
8y

What is the Lightning network?

The Lightning network is a Layer 2 scaling solution for Bitcoin and the blockchain. It is designed to enable fast, cost-effective off-chain bitcoin transactions while scaling very well, unlike the blockchain. The Lightning network is not a separate and standalone project, but builds as an extension directly on the Bitcoin / Blockchain infrastructure. The Lightning network is thus part of Bitcoin.

The Lightning network is still an experiment, but many Bitcoin experts are counting on the potential. The following links should help to better understand Lightning and to estimate the potential of the concept itself.

Basics

Lightning Network Whitepaper - https://lightning.network/lightning-network-paper.pdf
Lightning Network Website - https://lightning.network/
Presentation:

Technical Presentation:
https://upload.wikimedia.org/wikipedia/commons/6/67/Technisch_korrekte_aber_stark_vereinfachte_Erkl%C3%A4rung_des_Lightning_Netzwerkes.pdf

Helpful videos



Lightning-Network on the 1th of May, 2018.

What Is The Lightning Network All About? | Ecency