Scalability
The Lightning Network significantly improves transaction speed on the Bitcoin network by enabling off-chain transactions, which reduces congestion and increases scalability.
Lower Fees
Transactions conducted over the Lightning Network usually incur lower fees compared to on-chain Bitcoin transactions, making micropayments more feasible.
Instant Transactions
Payments made through the Lightning Network are conducted instantly, which is beneficial for both merchants and consumers who require quick transaction confirmations.
Improved Privacy
Since transactions occur off-chain, they are not posted to the Bitcoin public ledger, enhancing user privacy and confidentiality.
Reduced Blockchain Load
By conducting numerous transactions off-chain, the Lightning Network decreases the load on the Bitcoin blockchain, preserving resources and increasing efficiency.
Financial Services: Scalable blockchain solutions enable high-frequency trading, real-time settlement, and decentralized finance (DeFi) platforms. With rollups and state channels, platforms like Lightning Network and Optimism make micropayments more feasible and cost effective. - Source: dev.to / 4 days ago
It’s indeed Bitcoin, but on the Lightning Network. https://lightning.network. Source: over 1 year ago
> Latency and fees are higher than existing mechanisms in most of the world, and at much higher environmental cost. This statement is simply incorrect. The later 2 scaling ecosystems built on top of Bitcoin and Ethereum offer 1-2 second transaction times for 3-4 cents in fees. The electrical costs are equivalent to sending an email. https://lightning.network/. - Source: Hacker News / over 1 year ago
A new collection of Bitcoin tools created especially for the development of artificial intelligence (AI) was recently released by Lightning Labs, the primary creator of the Bitcoin Lightning Network. Source: almost 2 years ago
Lightning network enables instant payments with Bitcoin https://lightning.network/. Source: almost 2 years ago
The global app by Strike intelligently brings together the strengths of Bitcoin and the Lightning Network. With a straightforward registration process, users can instantaneously send or receive cash and bitcoin, transact with other Strike users, navigate the Lightning Network, and buy bitcoin – all from a single application. Source: almost 2 years ago
Lighting network is a cheap bitcoin sidechain, and worth learning how to use as you save on onchain fees when you buy or spend bitcoin. Source: almost 2 years ago
“Blockchain as Arbiter. As a result, it is possible to conduct transactions off-blockchain without limitations. Transactions can be made off-chain with confidence of on-blockchain enforceability. This is similar to how one makes many legal contracts with others, but one does not go to court every time a contract is made.” https://lightning.network/ Looks like you have been spoon fed some bullshit yourself.... Source: about 2 years ago
For more information on Lightning start here: https://lightning.network/. Source: about 2 years ago
STX is interesting. I am wary of it’s longevity, because of development of BTCs Layer 2 (Lightning Network) that someone pointed out to me. Layer 2 is able to handle unlimited nodes theoretically. If you want to read more. I sold all my STX to diversify, and my plan is to buy more and get a small bag for the next bull run. Source: about 2 years ago
It's been solved for 5-6 years: https://lightning.network/. Source: over 2 years ago
Yeah here ya go if you want a source: https://lightning.network/. Source: over 2 years ago
Https://lightning.network/ I am not a Maxi, but Jesus what other options are there? - Source: Hacker News / over 2 years ago
Additionally, you are forced to implement multiple payment solutions (including accounting!) according to store policies (3 in this case, plus 1 for the web). And what if you want to accept Lightning payments for example? - Source: dev.to / over 2 years ago
Lighting Networkè un second layer di bitcoin tenuto al sicuro dalla Proof of work. E da la possibilità di fare transazioni istantanee senza fees. Source: over 2 years ago
Https://lightning.network/ allows peer to peer transactions instantly. This is a cash transaction because its peer to peer and does not require approval of central authority. So your first premise is incorrect. It is used as cash for some people. See this video https://www.reddit.com/r/Bitcoin/comments/vj0jbx/kids_in_south_africa_use_sats_as_their_unit_of/?utm_source=share&utm_medium=mweb3x. Source: over 2 years ago
FUN FACT: Bitcoin Lightning Network Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians. https://lightning.network/. Source: almost 3 years ago
I was banned from the bitcoin reddit for mentioning Veritaseum and how bitcoin infringes on patented IP since the advent of the Lightning Network. Source: almost 3 years ago
Payment channels are a specific use case of state channels. They are only designed to support payments between two or more parties. The most well-known example of payment channels is Lightning Network. Comparing payment channels with state ones, the latter have much broader applications and are not limited only to payments. For example, state channels can also be used for scaling a dApp or a blockchain (like Celer... - Source: dev.to / almost 3 years ago
I agree, but Lightning Network will help this happen with BTC. It's already starting to be used. Source: almost 3 years ago
The title is very misleading. When I read "the Lightning" I think of the open-source Lightning Network. https://lightning.network/ It turns out that this is about a sports club... - Source: Hacker News / almost 3 years ago
Do you know an article comparing Lightning Network to other products?
Suggest a link to a post with product alternatives.
This is an informative page about Lightning Network. You can review and discuss the product here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.