How does Bitcoin get scalable with the Lightning Network?

The Lightning Network is an off-chain solution for the Bitcoin blockchain. It is a "second layer solution." With such technologies, actions for a blockchain can be outsourced and handled in an external system. For scaling blockchains, such technologies are one of the best known and best solutions.

While the Bitcoin blockchain can handle about 7 transactions per second, it is possible to handle up to 1,000,000 transactions per second within a channel with the Lightning Network. We explain what a channel is in this post. The transactions are transferable in almost real-time and cost almost nothing, in some cases even nothing at all.

Therefore, Lightning is also ideal for paying for microtransactions or paying for particular services regularly. The processes are fast, cheap, secure, and anonymous. International financial transactions are also possible with Lighting Network. Here, participants also benefit from the speed and low transaction fees. This is possible within seconds, even via the exchange of real currencies.

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