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Lightning Network information


Lightning Network Protocol Suite
Lightning Network
Example ACFKLQ routing through an idealized mesh network of payment channels.

The Lightning Network (LN) is a "layer 2" payment protocol built on the Bitcoin blockchain and those of other cryptocurrencies.[1] It is intended to enable fast transactions among participating nodes (independently run members of the network) and has been proposed as a solution to the bitcoin scalability problem.[2][3] It is a peer-to-peer system for making micropayments of cryptocurrency through a network of bidirectional payment channels, without delegating custody of funds.[4]

  1. ^ "lightningnetwork/lnd". GitHub. Retrieved 2021-05-04.
  2. ^ Russo, Camila (March 15, 2018). "Technology Meant to Make Bitcoin Money Again Is Now Live". www.bloomberg.com. Retrieved 2019-12-12.
  3. ^ "MIT and Stanford Professors Are Designing a Cryptocurrency to Top Bitcoin: Unit-e". fortune.com. January 17, 2019. Retrieved 2019-12-12.
  4. ^ Popper, Nathaniel (August 15, 2017). "Bitcoin price surges after deal on software updates". The Boston Globe. Retrieved December 12, 2019.

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