27 September 2018 · 0 min read

An Enlightening Video on the Lightning Network

Elizabeth Stark, CEO of Lightning Labs, developer of the Lightning network, talks about the network with BlockFuse CEO Andrew Yang. The idea of the Lightning network is that transacting and settling would be done off-blockchain, so the fees are low and thanks to the implementation of smart contracts for security, the payments can be instant - no waiting time for block confirmation. Also, another important factor is its scalability, which is supposed to make it possible for millions to billions of transactions per second to take place across the network.