About the Lightning Network:
Two users open a payment channel by first locking Bitcoin in an on-chain transaction into a 2-of-2 multisig address jointly controlled by both parties.
At the heart of the Lightning Network is moving large numbers of small, frequent payments off-chain. Only the channel-opening and channel-closing transactions are recorded on-chain, reducing the burden on the main chain and lowering fees.
$BTC 75932.04(+0.38%)
#BTC
Two users open a payment channel by first locking Bitcoin in an on-chain transaction into a 2-of-2 multisig address jointly controlled by both parties.
At the heart of the Lightning Network is moving large numbers of small, frequent payments off-chain. Only the channel-opening and channel-closing transactions are recorded on-chain, reducing the burden on the main chain and lowering fees.
$BTC 75932.04(+0.38%)
#BTC