Lightning Network
Revision as of 13:26, 26 April 2022 by Define (talk | contribs) (Created page with "A proposed solution that aims to speed up transactions on the Bitcoin blockchain by moving them off the main chain. The network is a decentralised system of pre-funded channels where people can make transfers without having to wait for global consensus and confirmation from miners, thus allowing faster settlement times. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary")
A proposed solution that aims to speed up transactions on the Bitcoin blockchain by moving them off the main chain. The network is a decentralised system of pre-funded channels where people can make transfers without having to wait for global consensus and confirmation from miners, thus allowing faster settlement times.