What is the Lightning Network?
Imagine Bitcoin as a bustling highway during rush hour - that's the main blockchain during peak times. The Lightning Network is like a network of side streets that helps alleviate this congestion. It's a "second-layer" solution built on the Bitcoin blockchain, allowing for faster, cheaper transactions without compromising Bitcoin's security.
Lightning Network Benefits
Speed: Transactions are nearly instant, compared to Bitcoin's average 10-minute confirmation time.
Low fees: Perfect for micropayments, as fees are minimal.
Scalability: Potentially millions of transactions per second, far exceeding Bitcoin's 7 transactions per second
Privacy: Improved transaction privacy compared to on-chain transactions.
Where to download a Lightning Wallet?
If you're in Canada, we suggest using the Wallet of Satoshi.
If you're in the United States, we suggest using Muun.