The lightning network: A bitcoin scalability solution: An IITPSA Blockchain SIG Event

Bitcoin payments have been limited to about 7 transactions a second because of the nature of decentralization and proof of work. The lightning network was created as a solution to this problem. It was launched in 2015 and is a transaction network that uses payment channels separate from bitcoin’s mainnet blockchain but it eventually settles on the bitcoin blockchain. This enables the lightning network to have a higher transaction throughput and with less transaction fees than a bitcoin transaction.

In this event John Singh will explain in simple terms how the lightning network operates and will also go into some of the finer technical details of the technology. John will also present some statistics on the usage of the lightning network and whether it will play a major role in the crypto eco-system.

Attend this IITPSA Blockchain SIG event for free and earn CPD points. To register click HERE