I'm worried to know the difference between Lighting Network and Bitcoin, when I saw the Lighting Network issues, I Don't know were to start to differentiate them.
Is Bitcoin a Lighting Network, or Lighting network give rise to Bitcoin transactions or these are two different technology, because this information of bitcoin and Lighting Network is understandable to people know the difference. Please I want to know the difference
Bitcoin and the Lightning Network are two different technologies, but they are related to each other.
Bitcoin is a decentralized digital currency that operates on a blockchain network. It allows users to send and receive payments without the need for intermediaries like banks.
The Lightning Network, on the other hand, is a layer-two payment protocol built on top of the Bitcoin blockchain. It enables faster and cheaper transactions between two parties by creating payment channels that allow users to transact with each other without recording every transaction on the blockchain.
So, in essence, the Lightning Network is a technology that helps to enhance the speed and efficiency of Bitcoin transactions. It is not a separate currency or blockchain network, but rather a second layer built on top of the Bitcoin network. Understanding this difference can help you navigate the complexities of these technologies and their potential benefits and drawbacks.