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Bitcoin Layer 2 that allows Bitcoin to scale and propose fast and cheap payements

Hel
Bitcoin Layer 2 that allows Bitcoin to scale and p...

so much information for just a little bit of puzzle answer

Sheila-Shella Автор вопроса
Hel
Bitcoin Layer 2 that allows Bitcoin to scale and p...

Is the gas fees chipper that ln usually transactions

You can check the Binance glossary bro #EmojiGame

Sheila-Shella Автор вопроса
Muhamad Rizky Aulia
You can check the Binance glossary bro #EmojiGame

I asked the question so that we all learn and share ideas #BUILD

Sheila Shella
Is the gas fees chipper that ln usually transactio...

You pay once to open a channel, a second time to close it But in between eventually routing fees which is around the 1 sats

Sheila Shella
I asked the question so that we all learn and shar...

Meaning you already knew the answer, stubborn you 😏😏 #EmojiGame

Sheila-Shella Автор вопроса
Sheila-Shella Автор вопроса
Sheila-Shella Автор вопроса
Sheila Shella
Not really, i wanted to learn

Its fine. We all learn everyday #EmojiGame

Arnold Oribariho
Its fine. We all learn everyday #EmojiGame

yeah, gaining knowledge each and every day

Sheila Shella
This is confusing

Since Lightning Network (LN) is a Layer 2, you need to first open a channel to perform transactions inside the layer 2 But this is only if you wanna operate a lightning node You can use stuff like wallet of satoshi for non self custody solution and interact with the LN

Hel
Since Lightning Network (LN) is a Layer 2, you nee...

Thanks for the information buddy #EmojiGame

Sheila-Shella Автор вопроса
Hel
Since Lightning Network (LN) is a Layer 2, you nee...

Thabks again Hel, Apparently LN is an aid to the transactions

Sheila Shella
Thabks again Hel, Apparently LN is an aid to the t...

Yes since in theory BTC block are capped to 1mb (in practice it can go as up as 4mb) so the number of tx is also limited, hence the LN as a scalability solution for Bitcoin

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