Crypto 101 📚 Lightning Network
Segregated Witness (SegWit) fixed the transaction malleability issue, which is one of the key prerequisites for the Lightning Network to operate securely.
Once a channel is open, payments between the two parties are simply exchanges of the latest signed balance records. Every transaction doesn’t need to be recorded on-chain, so payments are almost instant.
Me before: Place the order first, figure it out later. Me now: Understand the rules first.
The Lightning Network still moves $BTC , but most payments don’t need to be recorded on-chain one by one. Current: 80740.
#BTC
Segregated Witness (SegWit) fixed the transaction malleability issue, which is one of the key prerequisites for the Lightning Network to operate securely.
Once a channel is open, payments between the two parties are simply exchanges of the latest signed balance records. Every transaction doesn’t need to be recorded on-chain, so payments are almost instant.
Me before: Place the order first, figure it out later. Me now: Understand the rules first.
The Lightning Network still moves $BTC , but most payments don’t need to be recorded on-chain one by one. Current: 80740.
#BTC