What is Lightning Network ?
When bitcoins are being transferred, the sellers will have a doubt in successful transactions and it’s a timely process. In order to overcome that,the lightning network is used which enables quicker exchange of bitcoins without any delays. The lightning network is defined in simple words as the second layer protocol operating on the bitcoin blockchain to perform faster and small payments.
Lightning network development for exchange
Bitcoins are still the evergreen cryptocurrency bought and used globally in spite of altcoins divergence. People prefer exchanges for buying or selling bitcoins instantly. Imagine an exchange letting the users wait for 3 hours to complete the transactions. But the user is debited with money but not receiving bitcoins for 3 hours. Sounds frustrating right? That’s why the lightning network is introduced in exchanges for instant approval and settlement
Mastering the lightning network
We Hivelance, with 10+ years specialized professionals in blockchain technology, leverage lightning networks for your crypto-wallets, as wallets are the integral part of cryptocurrencies, mainly in the trading/exchange part.
The lightning network transactions per second is approximately 1 millions transactions. Our blockchain professionals excel in designing lightning nodes that connect main blockchain networks and lightning systems efficiently without lag.
Start to Develop your Lightning Network at Hivelance!
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