Lightning Network: a technology that will change Bitcoin
And again about the problems in the Bitcoin network ...
The problem really exists and only the lazy did not talk about it. Unfortunately, not everything turned out as well as Satoshi Nakamoto was planned, and if before the transactions, which were very few, were confirmed almost at the speed of light, nowadays, when the users of the network are more and more, this Speed can only be seen in the main currency crypto.
Now that the blocks are overwhelmed by transactions, the miners are lazy and hunger for high commissions, well, as a result, the users who pay the decomposition well, and at the same time, are forced to languish in anticipation. Several decisions are made regularly and hard-hearted, which should supposedly solve all the problems and worries of bitcoin. Only in practice these same decisions have not helped much.
What is the Red Lightning?
The essence of Lightning Network.
The technology works according to the following algorithm:
A payment channel opens between the two participants. The network is formed in the event that the user of one of the channels simultaneously participates in another (also of two participants) and thus can be interminable.
In the block, the information about the opening of the channel is recorded.
In the accounts of both users, an unlimited number of bitcoins are blocked, within the limits of these amounts, they can send transactions between them an infinite number of times.
When users want to close the payment channel and unblock those bitcoins that belong to them at the time of closing, a record is recorded in the safe.
From this algorithm, it follows that if a user sends back and forth chops to each other without Lightning network, they would have created an additional load to block and pay more commissions and would wait for the miners to include their operation in the block. With payment channels for the existence of all this will not be - users can communicate among other currencies as you wish, and can be microtransactions, operations will be instantaneous, and the commission is almost imperceptible. With this, the operations performed by the payment channels are reserved, as well as the transaction blokcheyne, so that users without sacrificing reliability and security, you get many advantages.
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