Cryptocurrency Q&A
Is Lightning Network free?
Is Lightning Network free?
CryptoKnight
Mon Dec 09 2024
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5 answers
1256
I'm wondering if using the Lightning Network is completely free of charge, or if there are any fees associated with it.
5 answers
KimonoElegance
Wed Dec 11 2024
In comparison to Bitcoin's mainchain, where fees can fluctuate and become quite high, Lightning Network fees remain low and consistent.
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Pietro
Wed Dec 11 2024
Bitcoin transactions can be significantly cheaper when utilizing the Lightning Network.
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TaekwondoMaster
Wed Dec 11 2024
This is due to the high throughput of the Lightning Network, which allows for a large number of transactions to be processed quickly and efficiently.
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isabella_bailey_economist
Wed Dec 11 2024
The fees associated with the Lightning Network are negligible, making it an attractive option for those looking to minimize costs.
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CherryBlossomFalling
Wed Dec 11 2024
The base fee for a Lightning Network transaction is just 1 Satoshi, which is an extremely small fraction of a Bitcoin. Specifically, 1 Satoshi equals 0.00000001 BTC.
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