What is Lightning Network?
The Lightning Network is a layer-2 solution for Bitcoin that enables faster and cheaper transactions by creating off-chain payment channels between users, reducing congestion on the main blockchain.
bitcoin Lightning Payments for business
Transactions in Bitcoin Lightning Network
Fast and cheap transactions in Bitcoin with lightning network and Calypso Pay.
Where use lightning network
Lightning network is for business with high frequency incoming and out going transactions. Lightning Payments are the most useful type of payment when it comes to small purchases.
Low cost products that are usually paid with by cash or card are too small to take up precious space on the relatively slow and expensive Bitcoin Blockchain.
Why use lightning network?
Almost costless
transaction fee
Any number of transactions
per 1 second
1 second confirmation time on
blockchain
1 min Video
Watch the Lightning Network
Daily over 400 000 transactions go through Bitcoin blockchain.
Bitcoin blockchain can cope with only 7 transaction per second. Transactions queue and eventually they become slowly and costly.
Lightning network can solve both problems, while people can still use their favourite BTC.
Lightning, Bitcoin and Visa comparison
Speed
3 - 5
seconds
up to 24
hours
immediate
speed
Cost
20
cents
1 - 5
dollars
0 +
several cents
Transactions per second
65,000
7
1,000,000
Privacy
Poor
Medium
Good
Fault tolerance
Medium
Medium
Medium - High
immediate speed
for comparison
3 - 5
seconds
up to 24
hours
0+ several cents cost
for comparison
20
cents
1 - 5
dollars
1,000,000 transactions per second
for comparison
65,000
7
Good privacy
for comparison
Poor
Medium
Medium - High fault tolerance
for comparison
Medium
Medium
FAQs
What is Lightning Network?
What are the benefits of using Lightning Network?
