Bitcoin’s Lightning Network, Simply Explained!


Bitcoin has a 7 transaction/second limit, so how can we overcome this? The Lightning Network is one of the proposals and in this video I’ll explain how it works.

💰 Want to buy Bitcoin or Ethereum?
Buy for $100 Bitcoin and get $10 free (through my affiliate link):
https://www.coinbase.com/join/59284524822a3d0b19e11134

————–

🐦 Follow me on Twitter:
https://twitter.com/savjee

✏️ Check out my blog:
https://www.savjee.be

👍🏻 Like my Facebook page:
https://www.facebook.com/savjee

————–

📚Sources & links

https://usa.visa.com/dam/VCOM/global/about-visa/documents/visa-facts-figures-jan-2017.pdf

https://en.bitcoin.it/wiki/Scalability

https://coinjournal.net/a-simple-explanation-of-the-lightning-network/

https://en.bitcoin.it/wiki/Multisignature#Multisignature_Wallets

https://medium.com/the-litecoin-school-of-crypto/a-primer-to-the-lightning-network-part-1-be909c403bde

https://medium.freecodecamp.org/future-of-bitcoin-cc6936ba0b99

LEAVE A REPLY