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<strong>Thunderbolts and lightning, very very... exciting!</strong>
 
<strong>Thunderbolts and lightning, very very... exciting!</strong>
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The Lightning Network scales blockchains and enables trustless instant payments by keeping most transactions off-chain and leveraging the security of the underlying [[Bitcoin|blockchain]] as an arbitration layer.
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The Lightning [[Network]] scales blockchains and enables trustless instant payments by keeping most transactions off-chain and leveraging the security of the underlying [[Bitcoin|blockchain]] as an arbitration layer.
    
This is accomplished primarily through "[[Channels|payment-channels]]”, wherein two parties commit funds and pay each other by updating the balance redeemable by either party in the [[Channel|channel]]. This process is instant and saves users from having to wait for [[On-chain transactions|block confirmations]] before they can render goods or services.
 
This is accomplished primarily through "[[Channels|payment-channels]]”, wherein two parties commit funds and pay each other by updating the balance redeemable by either party in the [[Channel|channel]]. This process is instant and saves users from having to wait for [[On-chain transactions|block confirmations]] before they can render goods or services.
Bureaucrats, gooduser, Administrators, trusted
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