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Understanding The Game Theory Of The Lightning Network | What Is Bitcoin?
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View Reddit by Jon_Hodl – View Source
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Understanding The Game Theory Of The Lightning Network | What Is Bitcoin?
While the amount of bitcoin on all exchanges decreases, the binance reserve increases
tldr; Lightning Network (LN) is a second layer built on top of Bitcoin that enables cheap payments that settle within seconds rather than waiting for the next block which takes an average of 10 minutes. Lightning makes payments incredibly cheap so more people can use bitcoin to make small purchases like a cup of coffee and not be crippled by on-chain fees that cost more than the cup.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*