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Let's Make Bitcoin Lightning-Fast! ⚡ 🚀 Hang tight because we're diving into the exciting world of the Lightning Network! 🌐 Have you ever wondered how to make Bitcoin transactions faster, more scalable, and more private? Well, that's where the Lightning Network comes in. ⏳ Back in 2015, two brilliant minds, Joseph Poon and Thaddeus Dryja, introduced the Lightning Network to tackle Bitcoin's scaling issue. 💨💰 Think of the Lightning Network as a second-layer technology. It helps handle transactions off the main Bitcoin blockchain, making them quicker and more cost-effective. It's like the Flash of microtransactions! ⚡💸 Now, here's the cool part: Users put their Bitcoins on the Lightning Network and only interact with the main Bitcoin blockchain when they open or close payment channels. The result? Lightning-fast payments that don't wait for confirmations! 😎 But there's more! The Lightning Network has some awesome features. And remember, the Lightning Network isn't a separate coin or token; it's built on top of Bitcoin. 🔥 Are you curious to learn more about this exciting world? Want to discover how to build your very own Non-Custodial Bitcoin Lightning wallet? Join me on this journey! https://dev.to/anipy/tutorial-how-to-develop-a-non-custodial-bitcoin-lightning-wallet-using-flutter-and-ldk-13ik #Bitcoin #LightningNetwork

2023-10-16 14:28:34 from 1 relay(s) 1 replies ↓

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Xapxap npub1cj2l...wu2w

Hi Anipy, Thanks for your posts full of insights. Q: Is it in theory, possible to run smart contracts on Lighting?

2023-10-19 19:38:11 from 1 relay(s) ↑ Parent 1 replies ↓ Reply

Anipy npub1clqc...rp9x

Hello! I'm glad you've found my posts helpful. Regarding your question, the Lightning Network primarily focuses on making fast and cost-effective microtransactions while enhancing Bitcoin's scalability. Smart contracts are not a primary feature of it. But it's possible, like the fairness protocol used for routing in LN which is HTLC is a type of smart contract written using Bitcoin script to secure payments. But your channel peer also needs to be capable of understanding that contract. Well, there have been discussions and experiments related to adding certain smart contract functionalities to the Lightning Network. This would mainly enable more complex operations beyond simple payment channels.

2023-10-21 05:05:19 from 1 relay(s) ↑ Parent Reply