What is Lightning Network|Explained For Beginners

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💡 The Lightning Network (LN) as a concept was created by Joseph Poon and Thaddeus Dryja in 2015. The main idea behind the project is to design a payment protocol that can be used as an off-chain solution for the scalability problem faced by the Bitcoin blockchain, but the concept may be applied to other Cryptocurrencies as well.

📚 Read our articles to learn more about the Lightning Network

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What is Lightning Network 00:00
How Does Lightning Network work 00:34
Why is The Lightning Network Necessary 02:51

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Why won’t Binance integrate Segwit to enable lightning network?

Azhucabomb
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The problem is adoption and centeralization caused by channel hubs forming

licensedblockhead
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