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  1. Categories >> Software >> Cryptography >> Blockchain
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What is the lightning network?

Question Posted / Bipin Kumar Singh

Answer Posted / Bipin Kumar Singh

The Lightning Network is a second-layer solution built on top of Bitcoin and other blockchains to increase transaction speed and reduce fees. It enables off-chain transactions between participating nodes, called payment channels, which can significantly improve scalability by reducing the need for each transaction to be recorded on the blockchain.

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