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What is Bitcoin Lightning Network?

The Bitcoin Lightning Network is an advanced Layer-2 payment protocol built atop the Bitcoin blockchain. Its primary aim is to facilitate faster and more cost-effective Bitcoin transactions.

What is the difference between Bitcoin & Lightning Network?

The Lightning Network operates mostly off-chain, using the blockchain only for opening and closing channels and dispute resolution. Privacy: The Lightning Network offers more privacy than the Bitcoin Network. On the Bitcoin Network, all transactions are publicly recorded on the blockchain.

Does Litecoin use the Lightning Network?

The Lightning Network was built for Bitcoin, but Litecoin also uses it. The Lightning Network, developed by Lightning Labs, is a second layer for Bitcoin, which uses micropayment channels to scale the blockchain's capability and handle transactions more efficiently and cheaply.

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