TheBlock
2022-06-15 16:28:03

Scaling Bitcoin: Lightning Network

Quick TakeThis is the first part of a research series on Bitcoin scaling solutionsThis piece focuses on the Lightning Network, a state channel-based solutionLightning Network’s state channels utilize hash time-lock contracts to facilitate transactionsThere have been promising signs of growing adoption of the Lightning Network While the Lightning Network aims to keep its functionality simple, it remains to be seen if it will be the solution of choice to scale Bitcoin moving forward

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