How does the Lightning Network work, and why can it process payments in seconds? Many people can't answer!
Once a channel is opened, payments between the two parties simply involve exchanging the latest signed balance records. There's no need to put every transaction on-chain, so payments are almost instant.
If one party tries to close the channel using an outdated balance record, the other party can submit a penalty transaction within the specified time and take all the funds in the channel. This makes cheating not worth the risk.
It's best to only put in money you can afford to lose without affecting your life.
$BTC 76035.46（-5.37%）
Once a channel is opened, payments between the two parties simply involve exchanging the latest signed balance records. There's no need to put every transaction on-chain, so payments are almost instant.
If one party tries to close the channel using an outdated balance record, the other party can submit a penalty transaction within the specified time and take all the funds in the channel. This makes cheating not worth the risk.
It's best to only put in money you can afford to lose without affecting your life.
$BTC 76035.46（-5.37%）
