Confirmation times are reduced to milliseconds or seconds, making the payment process extremely fast
Lightning Network transactions are cheaper, making them ideal for micropayments where high fees can be burdensome
Transactions through Lightning are private, occurring off the main blockchain and through private channels, reducing third-party analysis
Users can easily connect to the Lightning Network through supported wallets such as BlueWallet, Eclair, Zap, and others
Many services support Lightning Network. For example, pay for goods and services on Bitrefill by transferring funds from AADS via Lightning
Lightning uses smart contracts for secure transactions, preventing double spending and allowing quick refunds in case of issues, boosting user trust
Imagine an expressway seamlessly built on top of the standard Bitcoin blockchain.
This innovation is the Lightning Network, the second layer of payment protocol crafted to expedite and economize your Bitcoin transactions. It tackles two of the major challenges of blockchain technology: transaction speed and cost.