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Deep Dive Special: The Bitcoin Lightning Network
Overview: When I go for a burger at Steak ‘n Shake, I pay for it with Bitcoin using Strike which runs on the Lighting Network. The Lightning Network (LN) is a second-layer protocol built on top of the Bitcoin blockchain, designed to address Bitcoin's inherent scalability limitations. While Bitcoin's base layer prioritizes security and decentralization, it is limited to approximately seven transactions per second (TPS) with long confirmation times, making it unsuitable for high-frequency, low-value transactions. The Lightning Network enables instant, high-volume, and low-cost payments…
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