The Bitcoin Lightning Network is an independent solution that’s heralded as the solution to bitcoin’s scaling problem by keeping fees minuscule and making transactions instant, away from the blockchain. In this article, Toptal Freelance Blockchain Developer Amin Shah Gilani explores what the Bitcoin Lightning Network really is, how it can make the guarantees it provides, and its current state.
Bitcoin created a lot of buzz on the Internet. It was ridiculed, it was attacked, and eventually it was accepted and became a part of our lives. However, Bitcoin is not alone. At this moment, there are over 700 AltCoin implementations, which use similar principles of CryptoCurrency.
Bitcoin blockchain is the backbone of the network and provides a tamper-proof data structure, providing a shared public ledger open to all. This article provides insight in blockchain technology, current status and its potential.
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