Lightning Network
The Lightning Network is a second-layer scaling solution for blockchain networks, particularly designed for cryptocurrencies like Bitcoin. It enables faster and more cost-effective transactions by allowing participants to create off-chain payment channels, facilitating instant and low-fee transfers without congesting the main blockchain.
30 May 2023
14 min read
Enabling the Bitcoin Economy; leading layer 2's for Bitcoin
Think of Bitcoin Layer 2 solutions as keeping an open tab at a restaurant. When you go to a restaurant, instead of paying separately for each item you order, you can start a tab. All your orders are added to this tab as you enjoy your meal. Once you're ready to leave, you pay for everything all at once. This method is efficient because it reduces the number of transactions with the cashier.
In 2023 Microstrategy will Launch Bitcoin Lightning Solutions
MicroStrategy plans to release Bitcoin Lightning applications such as enterprise infrastructure services and content monetization solutions.
A Comprehensive Look at 10 Positive Bitcoin Developments of 2022
Bitcoin has come a long way since its inception in 2008, and 2022 has been a noteworthy year for cryptocurrency.
