Do you have to wait for a block confirmation just to buy a cup of coffee? That’s exactly what the Lightning Network aims to solve.
Even two parties without a direct channel can make payments through a route connecting other nodes. Hash Time-Locked Contracts (HTLCs) ensure that the nodes along the route can’t withhold the funds.
When depositing bitcoin to an exchange, make sure you choose whether it’s on-chain or via the Lightning Network. They use different receiving formats, so don’t mix them up.
The bitcoin circulating on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be recorded on-chain individually. Currently, 77404.75.
If you get it, leave a comment. If not, leave a comment and keep asking.
#BTC
Even two parties without a direct channel can make payments through a route connecting other nodes. Hash Time-Locked Contracts (HTLCs) ensure that the nodes along the route can’t withhold the funds.
When depositing bitcoin to an exchange, make sure you choose whether it’s on-chain or via the Lightning Network. They use different receiving formats, so don’t mix them up.
The bitcoin circulating on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be recorded on-chain individually. Currently, 77404.75.
If you get it, leave a comment. If not, leave a comment and keep asking.
#BTC