Back to glossary
Lightning Network
The Lightning Network is a layer-two payment protocol designed to improve the scalability and speed of transactions on the Bitcoin blockchain. It enables faster, cheaper, and more private transactions by creating a network of payment channels that can process transactions off-chain, reducing the load on the main blockchain.
The Lightning Network is still in the early stages of development, and there are some concerns about its scalability and security. However, many Bitcoin enthusiasts believe that it has the potential to significantly improve the usability and adoption of Bitcoin as a payment system.