Web3Wire
Web3Wire

Curated information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.

What is the Lightning Network? (Animated) Free & Instant BTC Transaction

You might be wondering what the Lightning Network is and how it seemingly offers free and instant bitcoin transactions. In this video, we explain how the Lightning Network is a layer 2 scaling solution for Bitcoin and how it utilizes payment channels to create (almost) free and (almost) instant transactions.

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