Lightning Network
By CoinGecko | Updated on Mar 03, 2020
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. It works on a peer-to-peer platform. The layer depends on bidirectional payment channels that do not need block confirmation and the payment will be instant..
Related Terms
Second-Layer Solutions
Secondary network or framework built atop an existing blockchain to address transaction speed and scalability issues.
Atomic SWAP
Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.
Satoshi Nakamoto
The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.
Mainnet
It is the main network of Bitcoin, where the transactions of this cryptocurrency are registered and take place.
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