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What is the Bitcoin Lightning Network?

The Lightning Network is a proposed system built on top of Bitcoin that would let people instantaneously send/receive payments and reduce transaction fees by keeping them off the main network.

What is a Lightning Network?

Lightning Network is a decentralized Blockchain using smart contracts functionality to enable instant payments across a network of participants. It allows bitcoin transactions to occur instantly without any delay in block confirmation times (verification process for peer-to-peer payments).

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