Frequently Asked Questions
The Lightning Network is a second-layer protocol built on the Bitcoin blockchain to enable fast, low-cost transactions by creating off-chain payment channels.
It operates using smart contracts to create bi-directional payment channels between users. These channels allow for nearly instant transactions without recording every single one on the main blockchain.
By moving transactions off-chain, the Lightning Network significantly reduces congestion on the Bitcoin blockchain, enabling thousands to millions of transactions per second at minimal fees.
Commonly used languages include C++ (e.g., c-lightning), Go (e.g., Lightning Labs' lnd), Rust, and Python for various clients and libraries.
Yes, it uses smart contracts and cryptographic techniques, but developers must still implement proper security practices to protect channels, wallets, and user data.
