What is Lightning Network?

Suncryptoacademy21 Aug, 2023Education

Cryptocurrencies possess distinctive attributes that make them resistant to hacking or easy shutdown, allowing anyone to transfer value globally without the need for third-party intervention. In order to preserve these characteristics, certain compromises need to be made. Due to the involvement of numerous nodes in operating a cryptocurrency network, the throughput is limited. This results in a relatively low number of transactions per second (TPS) for a technology aspiring to gain widespread adoption.