Lightning network

Lightning network is a payment protocol that can be added as an additional layer to an existing blockchain network such as Bitcoin or Litecoin. It works on a peer-to-peer bidirectional, micropayment mechanism.
The Lightning Network is referred to as a layer two or off-chain solution. It enables people to transact without having to log each transaction on the blockchain. The Lightning Network is distinct from the Bitcoin network in that it has its own set of nodes and software, yet it still communicates with the main chain. You must create special blockchain transactions to enter or quit the Lightning Network.
It is known to solve the problem of scalability of the existing blockchain networks.

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