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What is the Lightning Network? - Coinbase The Lightning Network allows users to send or receive Bitcoin quickly and cheaply by moving transactions off of the main blockchain — you can think of it as being a little like an HOV lane on a highway The Lightning Network is designed to make bitcoin transactions as fast and cheap as possible
Lightning Network - Wikipedia Transacting parties use the Lightning Network by opening a payment channel and transferring (committing) funds to the relevant layer-1 blockchain (e g bitcoin) under a smart contract
Lightning Network: What It Is and How It Works - Investopedia The Lightning Network is a second-layer network intended to solve the problem of slow transaction speeds and high costs on the Bitcoin blockchain by introducing off-chain transactions The
What is the Bitcoin Lightning Network? - Crypto News Launched in 2018, the Lightning Network aims to solve Bitcoin’s scalability problems, enabling up to one million transactions per second, far higher than traditional payment networks like Visa
What is the Lightning Network? A Simple Explanation (2025 Update) Built as a second layer over the Bitcoin network, the Lightning Network enables people to transfer Bitcoin between one another instantly and without any fees This is made possible by creating payment channels between two users
The Lightning Network: Bitcoins Layer 2 Scaling Solution The Lightning Network is Bitcoin's answer: a layer-2 protocol that enables millions of instant, low-cost transactions per second while maintaining Bitcoin's security guarantees Since its mainnet launch in 2018, the Lightning Network has grown to over 15,000 nodes, 70,000+ payment channels, and $200+ million in capacity
Bitcoin’s Lightning Network: What It Is And How It Works Lightning is a secondary network that sits on top of the bitcoin blockchain It's a network of payment channels that allows for near-instant, low-cost bitcoin transactions On the Lightning