Cryptocurrency Q&A
How does lightning work Bitcoin?
How does lightning work Bitcoin?
SsamziegangSerenadeMelody
Tue Dec 10 2024
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6 answers
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I want to understand how lightning works with Bitcoin. I'm curious about its functionality and how it affects or enhances Bitcoin transactions.
6 answers
GwanghwamunGuardianAngelWingsBlessing
Wed Dec 11 2024
Once the parties have completed their series of transactions, they settle the final balance on the main blockchain.
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SolitudeSeeker
Wed Dec 11 2024
This setup ensures that the system remains secure and reliable.
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ethan_harrison_chef
Wed Dec 11 2024
The Lightning Network operates on a unique mechanism that utilizes payment channels.
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DigitalDragon
Wed Dec 11 2024
Through these channels, two parties can engage in multiple transactions without the need for each one to be recorded on the main blockchain immediately.
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DaeguDivaDance
Wed Dec 11 2024
Smart contracts play a crucial role in the Lightning Network. They guarantee that the off-chain transactions are executed properly and efficiently.
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