What is Lightning Network?
Also, Bitcoin tested it successfully and Ethereum, Litecoin, and Ripple want the tech. Is the future in Blockchain?
We are going to answer What is Lightning Network – Stellar all in.
Basically, this is a new protocol for the blockchain concept. And the main idea is that not all the transactions need to be in the main blockchain record. So for a recurrent pair to pair transaction, we can open a new ‘channel’ transaction. Register the first open channel in the blockchain, and make all the pair to pair transactions in the second layer channel. And close the channel then register that in the blockchain with the balance. So this way the main blockchain is not overloaded by all the transactions and makes grow the scalability.