Lightning Network

One of the ideas that Bitcoin's main developers have in mind to scale the network is the Lightning Network, and this idea aims to reduce the number of small transactions on the network. This idea is still in development, but the general concept is that users can create payment channels when making many transactions with a single party.

When such a channel is opened, they can upload Bitcoin to this channel and make transactions using this Bitcoin until the channel is closed. When the channel is closed, all transactions are recorded as a single transaction and payment is made. However, a one-time commission is also paid to update the blockchain.

When Lightning Network launches, it will streamline the network by handling micropayments via blockchain and reduce commissions for all users. This could usher in a new era for the future of Bitcoin

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