Blockchain & Crypto 101 - What is Lightning Network｜Explained For Beginners

💡 The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well. 📚 Read our articles to learn more about the Lightning Network A Beginner's Guide to Bitcoin's Lightning Network ▶️ https://bit.ly/2RpXIyp ⏱️ Timestamps What is Lightning Network 00:00 How Does Lightning Network work 00:34 Why is The Lightning Network Necessary 02:51 👨🏻‍🎓 Binance Academy - Blockchain and Crypto Explained Website: https://bit.ly/3v2CWDz Twitter: https://bit.ly/3uYHdI8 Facebook: https://bit.ly/3elaW7L YouTube: https://bit.ly/3jMTrBp #Blockchain