Cryptocurrency Q&A
Does Lightning Network speed up Bitcoin?
Does Lightning Network speed up Bitcoin?
Arianna
Wed Dec 25 2024
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6 answers
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I've heard about the Lightning Network and its potential to enhance Bitcoin's capabilities. I'm wondering if it actually speeds up Bitcoin transactions and how it achieves that.
6 answers
Caterina
Fri Dec 27 2024
The Lightning Network is a notable example of a layer 2 blockchain that operates in tandem with the Bitcoin network.
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SakuraWhisper
Fri Dec 27 2024
By directing some transactional "traffic" to the Lightning Network's layer 2, it alleviates congestion on the main Bitcoin blockchain.
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amelia_jackson_environmentalist
Fri Dec 27 2024
This technology belongs to a newer category of crypto advancements referred to as "layer 2" blockchains.
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SeoulSoul
Fri Dec 27 2024
The core Bitcoin blockchain, often referred to as "layer 1," benefits from this division of labor.
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Federico
Fri Dec 27 2024
With fewer transactions to process, the layer 1 blockchain can execute operations more swiftly.
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