Lightning

From Organic Design
Jump to: navigation, search
Cone.png This article or section is a stub. Stubs are articles that have not yet received substantial attention from the authors. They are short or insufficient pieces of information and require additions to further increase the article's usefulness. The project values stubs as useful first steps toward complete articles.

The Lightning Network represents an improvement in efficiency and uses a more logical payment network structure. Instead of broadcasting a transaction to everyone, the transaction can be sent more directly to the payment recipient. Only when parties to the transaction are dishonest, does one need to resort to the cumbersome process, which distributed censorship-resistant systems require to maintain consensus. In this way, one can achieve performance and efficiency almost equivalent to that of direct communication between the parties over the Internet, while retaining some of the security characteristics of Bitcoin’s blockchain.

See also