Click here to View our Referral Links

Nexo
Borrow against your Bitcoin + Bitcoin Credit Card
Picture of Boglander

Boglander

One step at a time. #Bitcoin

All Posts
Zippidy Zap

What is Lightning?

Compared to on-chain payments, Lightning is faster, more private, and cheaper, making it an attractive option for those looking to transact with Bitcoin more efficiently. 

Bitcoin Lightning is a payment protocol built on top of the Bitcoin blockchain that enables near-instant and low-cost transactions between parties. 

This layer-two scaling solution uses a network of payment channels between users to execute transactions off-chain, reducing the load on the main blockchain. Bitcoin Lightning transactions are secured by the underlying Bitcoin blockchain, and settlement occurs when payment channels are closed and the final balance is recorded on the blockchain. 

Lightning enables micropayments, allowing users to send and receive very small amounts of Bitcoin without the high fees usually associated with on-chain transactions. 

Compared to on-chain payments, Lightning is faster, more private, and cheaper, making it an attractive option for those looking to transact with Bitcoin more efficiently. 

The growth of the Lightning network has been impressive in recent years, with a growing number of developers, exchanges, and merchants supporting the technology.

Be Your Own Bank. Choose to Use Bitcoin.

Read More

Plans are Developing

Plenty of research is the key to making something a success. The research continues whilst crowdfunding ticks along. The Academy at Bitcoin Hideaway will be pumping out Bitcoiners in 2024.

Learning Bitcoin – Keeping it Simple

Learning new things can be difficult for most of us; especially technical things. It is far too easy to get lost in a cloud of information. Keeping Bitcoin Simple will be a major focus at the Academy at Bitcoin Hideaway.

Fundraising for Bitcoin Classroom

Time to step up and make things happen. Learning Bitcoin is essential to a decentralised future. A life of freedom.

The Old Farmhouse at FortyAcres

Holiday Accommodation and Short Breaks in Daingean, County Offaly, Ireland. Cycling. Kayaking. Self-Catering.

Leave a Reply

Your email address will not be published. Required fields are marked *