As you know, it's not the first time we talk about the Youtube channel 99Bitcoins on Croblanc, and each time it always captivates you so much! At the same time, we understand you, the contents that we find there are simply unique. That's why we're writing this article today, because we already know that it will arouse your interest.
We propose you today to find the last video of the Youtube channel 99Bitcoins which is simply called What is the Lightning Network? (Explained Simply). If you liked it, don't hesitate to like the content to support the author of the video!
This video is currently making the buzz on the internet and may end up in the Youtube trends. It was published a few hours ago by the videographer of the Youtube channel 99Bitcoins who regularly publishes videos similar to the content we are talking about today.
Thanks to the Internet, it's easy to talk to videographers and ask them any question you have in mind, or even give them criticism (constructive criticism, please!). Many people have trouble contacting content creators on the internet, but on Youtube it's very simple, you just have to connect to the channel in question, and go to the "About" section to find the email address you are looking for! However, Twitter is still a very good alternative that works quite well to get in touch with a Youtuber.
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For your information, you can find below the description of the video What is the Lightning Network? (Explained Simply) published by the Youtube channel 99Bitcoins:
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While Bitcoin offers a solution to many of the problems presented by our current money system, it still has some drawbacks. One of its biggest limitations concerns the speed and price of transactions, especially during busy times. These limitations prevent it from becoming a true medium of exchange for day to day microtransactions, such as cash or credit card.
The lightning network was designed to solve just that. Built as a second layer over the bitcoin network, it enables people to transfer Bitcoin between one another instantly and without any fees. This is made possible by creating payment channels between two users. Payments can also be made between users that are connected indirectly, via network channels.
That's the lightning network in a nutshell. For a detailed explanation watch the complete video, here's what I'll cover:
0:40 - Bitcoin's scalability issue
1:48 - What is the lightning network?
2:20 - How does the lightning network work?
3:04 - Lightning network example
5:06 - Payment hubs
5:55 - Lightning network implications
6:10 - Conclusion
For the complete text guide visit:
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