What is Lightning Network?

Cryptocurrencies possess distinctive attributes that make them resistant to hacking or easy shutdown, allowing anyone to transfer value globally.

Lightning Network Explained

The Lightning Network, which operates on the Bitcoin blockchain, is a layer-2 solution that plays a crucial role in enhancing scalability for blockchains.

Story Behind Its Inception

Recognizing the origins and evolution of the Lightning Network is crucial. In February 2015, Joseph Poon and Tadge Dryja collaborated.

Working of Lightning Network

The Lightning Network is a protocol that enables peer-to-peer payment channels between two parties. This makes transactions almost instant and cost-effective.

Advantages of Lightning Network

The Lightning Network, as described on its official website, represents a leading technological advancement in multi-party financial computations with Bitcoin.

Drawbacks of Using Lightning Network

In spite of its contribution to enhancing the capabilities of the Bitcoin Network across the blockchain trilemma, the Lightning Network does have some drawbacks.


The Lightning Network has emerged as a promising solution to address the scalability limitations of the Bitcoin blockchain.