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What is the Lightning Network and how can it help Bitcoin scale?

A plain-language explanation of the Lightning Network, a protocol for scaling and speeding up blockchains. While it was designed to solve some of the technical limitations of the Bitcoin blockchain, it can be implemented on top of any blockchain. BY  ELIZABETH STARK  /  September 15, 2016 Imagine if every computer had to store every e-mail, to receive any. That's how blockchains work. Lightning Network allows computers to make blockchain transactions, only storing the data they care about—their own money. Lightning Network is a protocol for scaling and speeding up blockchains. It was designed to solve some of the technical limitations of the Bitcoin blockchain, but could be implemented on top of any blockchain.

The Bitcoin Lightning Network

The Lightning Network is a decentralized system for instant, high-volume micropayments that removes the risk of delegating custody of funds to trusted third parties. Bitcoin, the world's most widely used and valuable digital currency, allows anyone to send value without a trusted intermediary or depository. Bitcoin contains an advanced scripting system allowing users to program instructions for funds.