$BTC $ORDI $BNB

Blockchain technology is akin to a global ledger system where every transaction or record is linked together in a chain. This ledger is not stored in a single location or controlled by a single entity but is distributed across numerous computers (nodes) worldwide. Each of these nodes has a copy of the entire ledger, ensuring transparency and security. This system is similar to the hypothetical scenario where every computer would need to store every single email ever sent to receive new emails. In the blockchain context, it means every node must validate and store every transaction that occurs across the network.
Now Imagine if every computer needed to keep every single email to get any emails at all. That's pretty much how blockchain technology works. The Lightning Network is like a clever shortcut for this system, making it so computers only deal with the transactions they're interested in—mostly, their own money moving around.
The Lightning Network was made to help Bitcoin and other blockchains work faster and handle more transactions. Right now, Bitcoin can only do less than 10 transactions a second, which is way slower than systems like Visa. Also, Bitcoin transactions can take about 10 minutes to confirm and cost a few cents each, which isn't great for buying small things. The Lightning Network changes this by letting transactions happen almost instantly, with thousands or even millions possible every second, and it can make these transactions super cheap or even free.
It uses something called payment channels to do this. Imagine two friends, Alice and Bob, decide to keep a tab of their transactions without telling the whole blockchain every time they pay each other. They start a special account on the blockchain and can swap money instantly without waiting 10 minutes every time. They only tell the blockchain when they're done transacting.
If Alice wants to send money to someone she doesn't have a direct connection with, say Dave, the network finds a way through other people connected in the network, like Bob and Carol. Alice doesn't need to trust Bob and Carol not to take her money because of smart contracts—self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code—that make sure the money either gets to Dave or comes back to Alice.
What if someone tries to cheat or goes offline? The Lightning Network has smart solutions for that, too. It uses special contracts that make sure everyone either gets their money or can get it back if something goes wrong.
In short, the Lightning Network is like an express lane for blockchain transactions, making them faster, cheaper, and more efficient. It could change how we use digital money, making it practical for everything from buying a coffee to paying for a song online instantly.

#BTC #Layer2 #Ordinals #Ordi #Write2Earn‬
Lightning Network - Layer 2 solution from Bitcoin

Bitcoin developer Luke Dashjr responded that after the vulnerability is fixed, it means that Ordinals and BRC-20 will no longer exist. Shenyu, co-founder of f2pool, said in community : Bitcoin is not Ethereum, and developers do not have full decision-making power.Luke also claims that Inscription is exploiting a vulnerability in Bitcoin Core to spam the blockchain and hopes to have a final fix before v27 is released next year. He also said Ordinals was an attack on Bitcoin from the beginning#ordinal #Btc #Ordi #Bitcoin