Smart City Project | Lightning Network

Written by Niza González and Ryan Dixon. Edited by James Forster.

The Emergence of Bitcoin Lightning Network and The Smart City Projects

With the rising popularity of Bitcoin throughout the years, the original network has recently upgraded its scalability to improve its everyday transactions. This upgrade is the Bitcoin Lightning Network (LN), which emerged as a second-layer protocol built on the Bitcoin blockchain.

This innovative solution improves scalability and transactions throughput, enabling fast, low-cost, and scalable transactions, making it suitable for microtransactions and everyday payments. By establishing direct payment channels between users, LN enables…

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