Mar 14, 2019
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Bitcoin’s [BTC] Lightning Network is semi-custodial banking, says Bitcoin Unlimited’s Peter Rizun

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Bitcoin’s Lightning Network has become one of the most popular topics in the cryptocurrency space. Lightning Network is a second-layer mechanism used for transmitting off-chain payments by utilizing the security of the Bitcoin blockchain. The channel enables two participants to create a channel for the purpose of transferring Bitcoin, without the need for recording it on a blockchain.

The hype for the Lightning Network gained momentum after the Lightning Torch campaign on Twitter. Influencers such as Jack Dorsey, Charlie Lee, Samson Mow, WhalePanda, CZ, and Riccardo Spagni, have all participated in passing the torch around the Twitterverse.

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