Lightning Network Payment Technology Advantages – Bitcoin Magazine

This is an belief editorial by Yuya Ogawa, a application engineer and co-host of the Diamond Arms group.

This write-up is primarily based on the content material of the “Understanding Lightning” report made by the Diamond Hands community, the greatest Lightning Network community in Japan. The report aims to present an overview of Lightning’s know-how and ecosystem for a non-technical viewers.

What is So Special About The Lightning Community?

Bitcoin was brought into this earth over a decade in the past to enable peer-to-peer payments devoid of the have to have for a trustworthy third celebration. In order to keep this censorship resistance, Bitcoin limits its throughput to 1M vBytes for every block, each and every 10 minutes, trying to keep it uncomplicated for any individual to run their personal node.