You’re on the right track, although in contrast to traditional finance Bitcoin provides the option for anyone to participate directly (in addition to the option

You’re on the right track, although in contrast to traditional finance Bitcoin provides the option for anyone to participate directly (in addition to the option of outsourcing that to a custodial service). The Lightning Network has progressed a lot in 5 years, but this article is still an excellent intro to the basics: https://www.coincenter.org/education/key-concepts/lightning-network/ https://www.coincenter.org/education/key-concepts/lightning-...