This network was originally designed to make Bitcoin transactions fast and scalable, but it already supports interoperability with other blockchains and is powered by smart contracts. The Lightning Network, as the name suggests, is a network for instant/lightning-fast blockchain payments without worrying about and waiting on block confirmation times. It enforces security through the use of smart contracts without creating an on-chain transaction for individual payments.
The Lightning Network is expected to be capable of millions to billions of transactions per second across the network. This capacity can't be met by any legacy payment systems, such as Visa, which can only handle around 1,670 payments per second. This vast ...
