Login All news Marketcap Crypto Glossary Exchange Crypto meme
2025 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Lightning Network

In case of high interest and large trading volume, it can take a very long time to get a Bitcoin transferred from one wallet to another, due to low block size of the Bitcoin blockchain. So in order to make transactions on the Bitcoin blockchain faster, the Lightning Network has been developed.

Lightning network works as a second layer, on top of the blockchain and it can handle transactions without the need to make them all public in the blockchain, thus saving a lot of resources. This is extremely handy especially in case of micro/small transactions, where the cost of the transaction could exceed the value transferred. Such transactions are still secure, thanks to the utilization of smart contracts.

For more information, visit the official Lightning Network site : https://lightning.network/


Top Gainer24h
Nexus
$1720330
731634000000.00
Top Looser24h
Soarcoin
$0.344
-24.43
Crypto Glossary
Ether (ETH)
This is the native cryptocurrency of the Ethereum blockchain, also used to…
Dead Cat Bounce
When crypto markets crash and prices are falling like crazy, at some point…
Distributed Ledger
These are ledgers that are stored on a network of nodes... think about a da…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.