Since the lightning network is becoming more popular now,a lot of people are really confused on what actually it is. So here's a question about it:
Question: What is lightning network? What's its role and what does it do?
I am looking for a simple answer or basically in layman's terms,so that people can actually understand.
I am eagerly waiting for the next question.
Oh crap,I almost forgot..
Don't post just because you have to earn a merit. I am seeing a lot of one/two liners just being rephrased from third party websites. Please understand what you're writing. Or just don't do anything rather.
Not gonna copy some crap from google but my ans is purely from my point of view
Lightining network from what i have heard was a solution to the slow transaction speed and high fees , though even the speed has increased and fees has gone significantly low you can't really call bitcoin a llightning network. The lightining original was found in ltc roadmap it was going to be implemented but don't know why the delay
Lightining network allows us to transfer coins with faster confirmation like we saw in ripple , xlm and many other coins
It's role is just enhancing user experience while they are transferring funds
Like i said above facts are just told from what i know even if it's wrong i would be happy to learn more about it
Edit: Just saw what darkstar posted on your campaign thread :
https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/ all those who don't want to learn but just behind merits refer this