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What is bitcoin lightning network

What is bitcoin lightning network

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Bitcoin Lightning Network Explained: How it Actually Works
What Is the Lightning Network? Lightning Network is a layer-2 Bitcoin blockchain solution. Layer-2 solutions are a crucial component of. Lightning is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants. How it. The Lightning Network (LN) is a layer-2 solution built on top of Bitcoin. LN was created in response to scalability issues with Bitcoin, namely the speed.

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In other words, Sam would have received 1 BTC worth of goods for free�and the deposit is returned. The Lightning Network however is a solution to this problem. This means that cryptoassets may not fall under EU regulations and would therefore be unprotected, meaning that the capital invested may not be covered by the Deposit Guarantee Fund or the Investment Guarantee Fund. Bitcoin Unlimited.

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