Crypto 101 📚 Lightning Network
The Lightning Network is an off-chain payment network built on top of Bitcoin. Its white paper was proposed by Joseph Poon and Thaddeus Dryja in 2015.
When a channel is closed, the final balance is settled back to the Bitcoin main chain through an on-chain transaction.
Useful knowledge may seem pointless at first, but you’ll appreciate it when you avoid a pitfall.
What circulates on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be recorded on-chain one by one.
#BTC
These are purely personal views. Don’t treat them as a basis for trading.
The Lightning Network is an off-chain payment network built on top of Bitcoin. Its white paper was proposed by Joseph Poon and Thaddeus Dryja in 2015.
When a channel is closed, the final balance is settled back to the Bitcoin main chain through an on-chain transaction.
Useful knowledge may seem pointless at first, but you’ll appreciate it when you avoid a pitfall.
What circulates on the Lightning Network is still $BTC ; it’s just that most payments don’t need to be recorded on-chain one by one.
#BTC
These are purely personal views. Don’t treat them as a basis for trading.
