Lightning Network is a decentralized network that uses blockchain smart contracts and payment channels to enable instant, low-cost Bitcoin and blockchain payments at high volume.
Lightning Network is an off-chain payment network built on underlying blockchain technology, including Bitcoin. Participants use bidirectional payment channels backed by on-chain smart-contract scripts to update allocations off-chain, with the blockchain acting as an arbiter if needed. The network is designed for fast, low-fee payments, micropayments, scalability, and cross-chain atomic swaps between compatible blockchains.
