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The Lightning [[Network]] scales blockchains and enables trustless instant [[Payment|payments]] by keeping most transactions off-chain and leveraging the security of the underlying [[Bitcoin|blockchain]] as an arbitration layer.
 
The Lightning [[Network]] scales blockchains and enables trustless instant [[Payment|payments]] by keeping most transactions off-chain and leveraging the security of the underlying [[Bitcoin|blockchain]] as an arbitration layer.
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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.
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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|services]].
    
[[Channels|Payment channels]] are trustless, since any attempt to [[Fraud|defraud]] the current agreed-upon balance in the channel results in the complete forfeiture of funds by the liable party.
 
[[Channels|Payment channels]] are trustless, since any attempt to [[Fraud|defraud]] the current agreed-upon balance in the channel results in the complete forfeiture of funds by the liable party.

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