Bitcoin Hard Fact Edition 1 - Fact #16
The Lightning Network represents a transformative second-layer solution atop the Bitcoin blockchain, facilitating rapid and cost-effective transactions by creating off-chain payment channels. By moving transactions off the main blockchain, Lightning Network significantly enhances scalability and alleviates congestion, offering near-instantaneous and low-cost micropayments. This innovation not only enhances Bitcoin's utility as a medium of exchange but also showcases the adaptability of blockchain technology to address scalability challenges while preserving the security and decentralization of the underlying network.
