#bitcoinscaling #lightningnetwork #bitcoinwallet
The Bitcoin Lightning Network, the long talked about and seemingly desired bitcoin scaling solution, hasn’t gained much traction in its current form. It’s still reserved for Bitcoin geeks and has yet to enter mainstream conversation. However, you don’t have to know what a bitcoin lightning node is to understand how it works. Tune in as we succinctly answer the question, “what is the Bitcoin Lightning Network?” In simple terms.
What is Bitcoin? Lightning Network Explained, chapters:
0:00 Introduction: What is Bitcoin & Bitcoin History recap.
0:46 Bitcoin Scalability: Bitcoin transaction speed remains a barrier to Bitcoin adoption.
1:07 Transferring Money Across Borders: Bitcoin is a better solution than using traditional financial system
1:38 Bitcoin Lightning Network: This Bitcoin scaling solution is a layer 2 network that runs on top of Bitcoin.
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Bitcoin Lightning Network Explained with Layah Heilpern