Lightning Network

E696533

The Lightning Network is a second-layer protocol built on top of Bitcoin that enables fast, low-cost, off-chain transactions through a network of payment channels.

All labels observed (6)

How this entity was disambiguated

Statements (70)

Predicate Object
instanceOf Bitcoin scaling solution
payment channel network
second-layer protocol
builtOn Bitcoin
channelType bidirectional payment channel
unidirectional payment channel
describedIn The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments
linked to: Lightning Network
enables fast Bitcoin payments
low-cost Bitcoin payments
off-chain Bitcoin transactions
governedBy BOLT 1
BOLT 11
BOLT 12
BOLT 2
linked to: BOLT

BOLT 3
linked to: BOLT

BOLT 5
linked to: BOLT

BOLT 7
linked to: BOLT

BOLT 9
linked to: Lightning Network
hasChallenge UX complexity for users
channel capacity limits
liquidity management
routing reliability
hasGoal enable instant settlement
enable micropayments
improve Bitcoin scalability
reduce on-chain transaction load
hasImplementation Breez
Core Lightning
linked to: Lightning Network

Eclair
LDK
LND
LNDK
Phoenix
Rust-Lightning
Zeus
c-lightning
hasProperty non-custodial design
off-chain transaction routing
peer-to-peer network
privacy improvements over on-chain payments
probabilistic payment routing
requires liquidity in channels
supports atomic multi-path payments
supports invoice-based payments
supports keysend payments
supports multi-hop payments
supports onion routing
hasRoutingProtocol BOLT 4
hasSpecification BOLT
Basis of Lightning Technology
introducedBy Joseph Poon
Thaddeus Dryja
requires on-chain channel closing transaction
on-chain funding transaction
securityDependsOn Bitcoin base layer
supportsAsset Bitcoin
supportsFeature channel backups
channel rebalancing
fee markets for routing
private channels
public channels
watchtowers
uses commitment transactions
penalty mechanism for cheating
revocation secrets
usesConcept hashed timelock contracts
multi-signature addresses
payment channels
time-locked transactions
whitepaperYear 2015

How these facts were elicited

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Segregated Witness enables Lightning Network
Chivo Wallet paymentNetwork Bitcoin Lightning Network
linked to: Lightning Network
Chivo ATMs supportsTechnology Bitcoin Lightning Network
linked to: Lightning Network
Lightning Network hasImplementation Core Lightning
linked to: Lightning Network
Lightning Network describedIn The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments
linked to: Lightning Network
Lightning Network governedBy BOLT 9
linked to: Lightning Network
Pieter Wuille influenced Bitcoin scalability roadmap
linked to: Lightning Network