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Binance Academy
Binance Academy
05 February 2019 · 0 min read
What Is Lightning Network - Explained for Beginners
The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well.
Read more about the Lightning Network here.