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Bitcoin Lightning Network

What Does Bitcoin Lightning Network Mean?

The Bitcoin Lightning Network is a cryptocurrency protocol that works with blockchain ledger technology. It was created by Joseph Poon and Thaddeus Dryjain in 2017 and is now used to help manage cryptocurrencies such as bitcoin.

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Techopedia Explains Bitcoin Lightning Network

Experts refer to the Lightning Network as a “second layer” protocol that works with blockchain to make transactions streamlined between different nodes. Because participants in a transaction do not have to publicize that transaction on the blockchain immediately, this can save some time by using peer-to-peer network design to get around some of the latency in conventional cryptocurrency transactions.

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