In this chapter we will learn about the fundamentals of the Lightning Network: what it is, why it exists, what problems it solves, and how it’s related to Bitcoin. The Lightning Network, as its name implies, brings its own network to the decentralization game started by Bitcoin, and this for a specific reason, which is based on a design property of Bitcoin: it can’t infinitely scale on the computational level.
What Is the Lightning Network?
Bitcoin isn’t designed to scale like most other computerized systems. Naturally, we would expect a network to offer solutions to various ...
