June 15, 2022, 12:28PM EDT
• 15 min read

Scaling Bitcoin: Lightning Network

Quick Take

  • This is the first part of a research series on Bitcoin scaling solutions
  • This piece focuses on the Lightning Network, a state channel-based solution
  • Lightning Network’s state channels utilize hash time-lock contracts to facilitate transactions
  • There have been promising signs of growing adoption of the Lightning Network 
  • While the Lightning Network aims to keep its functionality simple, it remains to be seen if it will be the solution of choice to scale Bitcoin moving forward

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