Scaling Bitcoin: A beginner’s guide to the Lightning Network

Scaling Bitcoin: A beginner’s guide to the Lightning Network

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. The Lightning Network is getting so big that its capacity has recently surpassed the $1.5 million mark. Its proponents peg the Lightning Network as Bitcoin’s most promising scaling solution. It’s said to be able to handle 50,000 transactions per second – a figure nearly double what VISA claim to process. But if the Lightning Network isn’t a blockchain, what is it and how does it work? This article will try and answer these questions as…

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