Premium Only Content
What is the Lightning Network? (Explained Simply)
Start trading Bitcoin and cryptocurrency here: https://bit.ly/3gfXFSA
While Bitcoin offers a solution to many of the problems presented by our current money system, it still has some drawbacks. One of its biggest limitations concerns the speed and price of transactions, especially during busy times. These limitations prevent it from becoming a true medium of exchange for day to day microtransactions, such as cash or credit card.
The lightning network was designed to solve just that. Built as a second layer over the bitcoin network, it enables people to transfer Bitcoin between one another instantly and without any fees. This is made possible by creating payment channels between two users. Payments can also be made between users that are connected indirectly, via network channels.
That's the lightning network in a nutshell. For a detailed explanation watch the complete video, here's what I'll cover:
0:40 - Bitcoin's scalability issue
1:48 - What is the lightning network?
2:20 - How does the lightning network work?
3:04 - Lightning network example
5:06 - Payment hubs
5:55 - Lightning network implications
6:10 - Conclusion
Learn ANYTHING about Bitcoin and cryptocurrencies on our website
Visit Our Website : https://metapayclicks.com
Telegram channel : https://t.me/metapayclicks
Facebook page : https://www.facebook.com/metapayclicks/
Linkedin : https://www.linkedin.com/company/mpc-network/
Twitter : https://twitter.com/MetapayC
locals.com : https://locals.com/member/MetaPayC
Instagram : https://www.instagram.com/metapayclicks/
Tumblr : https://metapayclicks.tumblr.com/
Youtube Channel : https://www.youtube.com/channel/UCwAamK7hbpF51HcPgJSTuVA
Flickr : https://www.flickr.com/photos/196588923@N04/
Tiktok : https://www.tiktok.com/@metapayc
Dribbble : https://dribbble.com/metapayc
Vk : https://vk.com/id752424948
Reddit : https://www.reddit.com/user/MetaPayC
-
15:06
99Bitcoins-CryptoCurrency video tutorial
2 years agoWhat is Libra? Facebook Coin Explained Simply
1181 -
2:59
LimitlessAmbition
1 day ago $7.22 earnedPROVE THEM WRONG With This POWERFUL Motivation!
73K2 -
8:31:37
G2G Gaming Channel
14 hours agoGive me my Helmet, Im going in!! #RumbleGaming
88.9K1 -
4:45:11
MoFio23!
13 hours agoNintendo Switch It UP Saturdays with The Fellas: LIVE - Episode #3
56.4K7 -
6:23:10
SquallRush
11 hours agoMarvel Rivals Collab
44K -
8:36:24
stephengaming94
6 days agofar cry 5 live stream part 3
31.2K2 -
2:03:28
Barry Cunningham
23 hours agoTRUMP DAILY BRIEFING: 2 DAYS TO GO - ARE YOU READY FOR HISTORY TO BE MADE?
62.3K104 -
13:41
Tundra Tactical
14 hours ago $10.93 earnedGOA VP Erich Pratt Tells ATF "COMPLY NOW"
83.6K6 -
21:06
BlackDiamondGunsandGear
16 hours agoPSA Dagger Micro Self-Destructs During Shooting! What Happened…
55.7K16 -
6:27:09
Right Side Broadcasting Network
5 days agoLIVE REPLAY: RSBN Pre-Inauguration Coverage: Day Three in Washington D.C. - 1/18/25
291K61