Knowledge Notes | Lightning Network
① 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.
② Once a channel is opened, payments between the two parties involve only exchanging the latest signed balance record. There’s no need to put every transaction on-chain, so payments are basically instant.
③ When depositing Bitcoin to an exchange, make sure to select whether you’re using the on-chain network or the Lightning Network. Their receiving formats differ, so don’t mix them up.
$BTC 77110.01（-0.99%）
① 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.
② Once a channel is opened, payments between the two parties involve only exchanging the latest signed balance record. There’s no need to put every transaction on-chain, so payments are basically instant.
③ When depositing Bitcoin to an exchange, make sure to select whether you’re using the on-chain network or the Lightning Network. Their receiving formats differ, so don’t mix them up.
$BTC 77110.01（-0.99%）