Scaling Bitcoin: Lightning Network
Quick Take
- This is the first part of a research series on Bitcoin scaling solutions
- This piece focuses on the Lightning Network, a state channel-based solution
- Lightning Network’s state channels utilize hash time-lock contracts to facilitate transactions
- There have been promising signs of growing adoption of the Lightning Network
- While the Lightning Network aims to keep its functionality simple, it remains to be seen if it will be the solution of choice to scale Bitcoin moving forward
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Author: Arnold Toh
