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2024-11-08 16:35:30

How the Lightning Network Works: An Overview of Layer 2 Scaling

The post How the Lightning Network Works: An Overview of Layer 2 Scaling appeared first on Coinpedia Fintech News When Bitcoin was introduced in 2009, it was described as “peer-to-peer electronic cash” that allows users to make direct money transfers without third-party intermediaries like banks. At the inception of the Bitcoin network, the developers focused on two main aspects: direct transactions and decentralisation. However, they didn’t consider the third important pillar – scalability. In …

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