The Bitcoin Lightning Network

The Bitcoin blockchain has previously been criticised when it comes to the length of time it takes for a peer-to-peer transaction to execute. Not only that, but these transactions have also been costly when it comes to micropayments. For example, it might have cost $1 to send $10 of btc and taken hours if notContinue reading “The Bitcoin Lightning Network”

Bitcoin Blockchain

Bitcoin is a monetary network that is stored on a global distributed network called the blockchain. All transactions that are recorded on the blockchain are confirmed and verified by multiple nodes on the network to ensure its immutability. The fact that these nodes are run on individual computers worldwide means that there is no oneContinue reading “Bitcoin Blockchain”