Sign in to confirm you’re not a bot
This helps protect our community. Learn more

What is Lightning Network｜Explained For Beginners

Binance Academy
172K subscribers
27K views 6 years ago #Blockchain
💡 The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well. 📚 Read our articles to learn more about the Lightning Network A Beginner's Guide to Bitcoin's Lightning Network ▶️ https://bit.ly/2RpXIyp ⏱️ Timestamps What is Lightning Network 00:00 How Does Lightning Network work 00:34 Why is The Lightning Network Necessary 02:51 👨🏻‍🎓 Binance Academy - Blockchain and Crypto Explained Website: https://bit.ly/3v2CWDz Twitter: https://bit.ly/3uYHdI8 Facebook: https://bit.ly/3elaW7L YouTube: https://bit.ly/3jMTrBp #Blockchain ...more
...more
What is Lightning Network｜Explained For Beginners
504Likes
27,468Views
2019Jan 15
💡 The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well. 📚 Read our articles to learn more about the Lightning Network A Beginner's Guide to Bitcoin's Lightning Network ▶️ https://bit.ly/2RpXIyp ⏱️ Timestamps What is Lightning Network 00:00 How Does Lightning Network work 00:34 Why is The Lightning Network Necessary 02:51 👨🏻‍🎓 Binance Academy - Blockchain and Crypto Explained Website: https://bit.ly/3v2CWDz Twitter: https://bit.ly/3uYHdI8 Facebook: https://bit.ly/3elaW7L YouTube: https://bit.ly/3jMTrBp #Blockchain

Follow along using the transcript.

Binance Academy

172K subscribers