Cryptocurrency Q&A
What is Bitcoin Lightning?
What is Bitcoin Lightning?
CryptoWanderer
Mon Nov 11 2024
|
6 answers
1393
I'm curious about Bitcoin Lightning. I've heard it's related to Bitcoin, but I'm not sure exactly what it is. Could someone explain the concept of Bitcoin Lightning and how it works?
6 answers
SapphireRider
Wed Nov 13 2024
The Lightning Network serves as a second layer for Bitcoin (BTC).
Was this helpful?
292
26
CryptoChieftainGuard
Wed Nov 13 2024
This network utilizes micropayment channels to enhance the blockchain's capabilities.
Was this helpful?
397
96
Dario
Wed Nov 13 2024
Its main objective is to scale the system and improve transaction efficiency.
Was this helpful?
314
45
FantasylitElation
Wed Nov 13 2024
By implementing off-chain transactions, the Lightning Network aims to reduce costs.
Was this helpful?
151
26
MysterylitRapture
Tue Nov 12 2024
It represents a technological advancement aimed at addressing Bitcoin's limitations.
Was this helpful?
124
62
Load 5 more related questions
