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Lightning Network


The lightning network refers to a second layer that operates on top of a particular blockchain. This is one of the proposed scaling solutions for blockchains that increase transaction speed among participating nodes. 

Understanding the term 

In the context of cryptocurrencies, the lightning network is a second blockchain layer added to Bitcoin’s blockchain that facilitates transactions between parties not on the blockchain network. Besides Bitcoin, the lightning network is present in other cryptocurrencies such as Litecoin. It is an off-chain or layer-two solution that allows individuals to transact without having to record every transaction on the blockchain.

While the lightning network has its own nodes and software, it nevertheless communicates with the main chain. The Lightning Network is one of the most sensible approaches to scaling the Bitcoin blockchain. It does not undermine any of the security assumptions that have been contained within the protocol for more than ten years. The lightning network enables scalability and better security and facilitates micropayments.


The lightning network has experienced tremendous growth since its mainnet launch in 2018, in spite of it being in beta. It requires some degree of technical proficiency to operate as there are some usability obstacles to overcome.

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