Crypto 101 📚 Lightning Network
When a channel is closed, the final balance is settled back to the Bitcoin main chain in a single on-chain transaction.
Segregated Witness (SegWit) fixed the transaction malleability issue, one of the key prerequisites for the Lightning Network to operate reliably.
Back then, not understanding this cost me enough in tuition to buy bubble tea for months.
What circulates on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be written to the blockchain one by one. Current price: 82685.3.
Just my personal opinion, not a basis for trading.
When a channel is closed, the final balance is settled back to the Bitcoin main chain in a single on-chain transaction.
Segregated Witness (SegWit) fixed the transaction malleability issue, one of the key prerequisites for the Lightning Network to operate reliably.
Back then, not understanding this cost me enough in tuition to buy bubble tea for months.
What circulates on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be written to the blockchain one by one. Current price: 82685.3.
Just my personal opinion, not a basis for trading.