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Bitcoin Lightning Network Explained: How it Actually WorksThe Lightning Network has the potential to transform the world of payments, making bitcoin more accessible, faster, and cheaper to use. The Lightning Network is a "layer 2" payment protocol built on the Bitcoin blockchain and those of other cryptocurrencies. It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the bitcoin. The Lightning Network is a second layer for the Bitcoin blockchain, which serves to speed up transaction times and decreases network congestion.
