4 ms·

This doesn't represent Lightning network, which is used for smaller, quicker transactions later synced onto the main Bitcoin chain by transferring only the diff

This doesn't represent Lightning network, which is used for smaller, quicker transactions later synced onto the main Bitcoin chain by transferring only the differences between the nodes to save on transaction fees.

umanwizard 7y ago
It's more honest to say "intended to be used for". The LN has been promised as the solution to Bitcoin's scaling woes for years, but somehow never seems to catch on.
- deleted 7y ago
  [deleted]
- grubles 7y ago
  The Lightning Network actually has seen parabolic growth since it started in Q1 2018 -- with roughly 40,000 payment channels opened and ~1000 BTC total capacity. https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-2y&to=now https://p2sh.info/dashboard/db/lightning-network?orgId=1&fro...
ilaksh 7y ago
I didn't know LN was a real thing I could use. What app or whatever do I get for a wallet? And what places or sites accept LN? Or it works with any btc transaction?
- ric2b 7y ago
  The simplest way is to use the Eclair wallet on Android. The receiver needs to support it, I've used: - https://joltfun.com/ https://joltfun.com/ - Buy games with LN at low prices - https://www.bitrefill.com/ https://www.bitrefill.com/ - Buy gift cards for many shops. This lets you make purchases on shops that don't accept Bitcoin. There's also moon, which I haven't used but lets you buy from Amazon with LN: - https://paywithmoon.com/ https://paywithmoon.com/