The #bitcoin #LightningNetwork in action: Real-world use cases and applications
⚡️Micropayments
⚡️Tipping and Donations
⚡️Internet of Things (IoT) Payments
⚡️Retail and E-commerce
⚡️Gaming and Online Gambling
⚡️Bitcoin Finance (BiFi)
🎓 There are 2 types of channel closures on #bitcoin #lightning:
Cooperative: One side initiates & both parties cooperate. The channel is closed immediately with 1+ confirmations.
Non-cooperative: If one party disappears a force closure is possible but it takes longer ~1-3 days.
❼ Discover the power of the #Bitcoin’s #LightningNetwork. It offers safety, wide acceptance, speed, low fees, privacy, scalability, and opportunities for innovation.
Here the 7 things LN does really well:
The curious thing about #bitcoin is that at its core, it’s both ancient and futuristic at the same time taking the best from both worlds.
It’s prehistoric because it’s like gold without a government.
It’s super modern because it uses cutting edge technology to achieve its goal.