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Lightning Network

A transaction network that runs on top of, or alongside, the Bitcoin blockchain.

Lightning Network

The Lightning Network was developed to allow extremely fast transactions of small denominations of Bitcoin, allowing Bitcoin to be used the same way dollars are used to transact business with a credit card or any number of electronic payment systems that are available. There are fees associated with using the Lightning Network, but these are typically extremely small, making this method of payment competitive with existing fiat-based technologies.

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