Lightning Network

GPTKB entity

Statements (56)
Predicate Object
gptkbp:instance_of gptkb:tachymetric_scale
gptkbp:allows off-chain transactions
gptkbp:built Bitcoin blockchain
gptkbp:can_be_used_for retail payments
gaming transactions
gptkbp:designed_for gptkb:Bitcoin
gptkbp:developed_by gptkb:Blockstream
gptkbp:enables instant transactions
gptkbp:facilitates gptkb:microtransactions
cross-chain transactions
gptkbp:has channels
nodes
routing capabilities
https://www.w3.org/2000/01/rdf-schema#label Lightning Network
gptkbp:increased Bitcoin scalability
gptkbp:is open-source
decentralized
a protocol
a tool for financial inclusion
a method for increasing transaction throughput
still in development
a method for enabling recurring payments
a method for improving transaction finality
a method for scaling Bitcoin
a part of the Bitcoin ecosystem
a second-layer solution
a solution to Bitcoin's scalability problem
a technology for faster payments
a technology that can help reduce fraud
a technology that can support Io T payments
a way to enable instant micropayments
a way to enable new business models
a way to enable seamless payments across borders
a way to enhance Bitcoin's usability
a way to enhance privacy in transactions
a way to facilitate remittances
a way to improve user experience on Bitcoin
a way to reduce congestion on the Bitcoin network
growing in adoption
a technology that can support various applications.
not a currency
not a replacement for Bitcoin
subject to network fees
used by exchanges
gptkbp:is_integrated_with smart contracts
gptkbp:is_supported_by various wallets
gptkbp:operates peer-to-peer network
gptkbp:proposed_by gptkb:2015
Joseph Poon
gptkbp:provides privacy for transactions
gptkbp:reduces transaction fees
gptkbp:supports multi-signature transactions
gptkbp:uses payment channels
HTLCs (Hashed Time-Locked Contracts)
gptkbp:bfsParent gptkb:Bitcoin
gptkbp:bfsLayer 4