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Bitcoin Lightning Network Simply Explained

The bitcoin lightning network is designed to help bitcoin scale. It’s no secret that the bitcoin network has become congested because of the amount of adoption btc has had. This has resulted in slower and more expensive transaction costs when moving bitcoin on the blockchain.

On a deep coder level, the lightning network can be complex. But in the video below, an explanation in plain English is given on how the bitcoin lightning network will operate broken down with analogies.

What you will learn:

  • What the bitcoin lightning network is.
  • How the lightning network works.
  • How it will help bitcoin scalability.

 

What do you think about the bitcoin lightning network?

If you found value here please drop a comment below and share this info.

Matt Sherriff.

By | 2018-02-14T16:58:36+00:00 January 22nd, 2018|Categories: Cryptocurrency|1 Comment

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One Comment

  1. Donna Merrill May 17, 2018 at 11:53 am - Reply

    Hey Matt,

    It great to be reading your post again. It’s always the best efforts you have put into your content, that’s why it will help many out there looking to learn.

    By the way, Thanks for the great read Matt.

    ~ Donna

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