Your browser will redirect to your requested content shortly. Please try again in a few minutes. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain test bitcoin speed-contracts without creating a on-blockchain transaction for individual payments.
Payment speed measured in milliseconds to seconds. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians.
Lightning is a decentralized network using smart contract functionality in the blockchain to enable instant payments across a network of participants. The Lightning Network is dependent upon the underlying technology of the blockchain. Two participants create a ledger entry on the blockchain which requires both participants to sign off on any spending of funds. Both parties create transactions which refund the ledger entry to their individual allocation, but do not broadcast them to the blockchain. They can update their individual allocations for the ledger entry by creating many transactions spending from the current ledger entry output.