November 17, 2020

What is the Lightning Network and how does it work?

In this video, Anton Golub, the CEO, and Co-Founder of Flov Technologies explains in detail about Bitcoins Lightning Network. The Lightning Network is a ‘layer 2’ payment protocol, that operates on top of a blockchain-based cryptocurrency. It is a crucial solution for the scalability problems in the blockchain of bitcoin where it cannot process multiple payment transactions within a short period.

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