in Technology by
What is the lightning network in Blockchain?

1 Answer

0 votes
by

The lightning network is an off-chain and scalable solution to improve the working of bitcoin. It will bring instant transactions at low or no cost associated with it. Moreover, it will make bitcoin more scalable by taking the majority of the hard work off-chain. The lightning network is in active development and is already being used by many vendors.

Related questions

0 votes
    A copy of the blockchain is maintained locally in all the user nodes of the network. (1)False (2)True...
asked Nov 30, 2020 in Technology by JackTerrance
0 votes
    What is Salesforce lightning?...
asked Jun 26, 2021 in Technology by JackTerrance
0 votes
    What Is The Difference Between Surge Arrestor And Lightning Arrestor?...
asked Dec 12, 2020 in Technology by JackTerrance
0 votes
    R3 Corda is a private, permissioned blockchain. A. True B. False...
asked Feb 23, 2023 in Technology by JackTerrance
0 votes
    What is a Genesis Block in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are the different types of Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What is cryptography? What is its role in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    How to identify a block in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    How is Blockchain distributed ledger different from a traditional ledger?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are blocks in Blockchain technology?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What is Merkel Tree in Blockchain?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What are the differences between Blockchain and Hyperledger?...
asked Jan 22, 2023 in Technology by JackTerrance
0 votes
    What do you think about the future of blockchain?...
asked Dec 26, 2020 in Technology by JackTerrance
0 votes
    What is atomic swap in Blockchain?...
asked Dec 26, 2020 in Technology by JackTerrance
0 votes
    What is Metamask in Blockchain?...
asked Dec 26, 2020 in Technology by JackTerrance
...