Learn about Bitcoin's super-fast express lane!
The Lightning Network is like an express lane for Bitcoin. It lets you send small amounts of Bitcoin super fast and with very tiny fees. It's perfect for buying small things like candy or video games!
Remember how we learned that Bitcoin transactions usually take about 10 minutes to confirm? That's fine for big payments, but what if you just want to buy a candy bar or tip someone a tiny amount of Bitcoin? That's where the Lightning Network comes in!
Think of the regular Bitcoin network like a big highway where all cars (transactions) have to drive together. The Lightning Network is like a system of small side roads that connect to the main highway. These side roads let small cars zoom around quickly without getting stuck in traffic.
With Lightning, you can send Bitcoin almost instantly - as fast as sending a text message! And the fees are super tiny, sometimes less than a penny.
The Lightning Network also lets you send very small amounts of Bitcoin - even just a few cents worth. This is great for things like:
More and more apps, games, and websites are starting to use the Lightning Network, making Bitcoin more useful for everyday things!
1. What is the Lightning Network?
2. Why is the Lightning Network useful?
You got 0 out of 2 correct!