Frank Lucas
@Frank.Lucas · Posted 19 May. 2022
Jack Penn
@Jack.Penn · Posted 19 May. 2022
The Lightning Network is a protocol for Bitcoin that enables near-instant transactions with low fees. It does this by creating a second layer of transactions on top of the blockchain. The Lightning Network is designed to make it easy to send and receive payments without having to wait for several confirmations from the blockchain. With the Lightning Network, Bitcoin can process millions to billions of transactions per second, making it a viable alternative to traditional payment methods such as credit cards and bank transfers. This means you can send payments at any time and they will be received instantly as long as there is a channel open between you and the person you're sending money to. You can spend your bitcoins in:
Food ( Taco Bell, Subway )
Automobiles
Peter Clark
@Peter.Clark · Posted 19 May. 2022
Bitcoin is a form of cryptocurrency that is generated by a process called mining. This process requires the use of many computers to solve complex mathematical equations. Now Bitcoin has found its way into our daily lives. It is no longer restricted to trading and holding. Lightning Network nodes can be set up by anyone with enough technical knowledge, which is why there are several different implementations of the protocol. Each implementation has its unique features and can be used in different ways. Some of the places you can easily use your bitcoins :