Lightning Network

E696533

Bitcoin scaling solution payment channel network second-layer protocol

The Lightning Network is a second-layer protocol built on top of Bitcoin that enables fast, low-cost, off-chain transactions through a network of payment channels.

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All labels observed (2)

Label	Occurrences
Bitcoin Lightning Network	2
Lightning Network canonical	1

Statements (70)

Predicate	Object
instanceOf	Bitcoin scaling solution ⓘ payment channel network ⓘ second-layer protocol ⓘ
builtOn	Bitcoin NERFINISHED ⓘ
channelType	bidirectional payment channel ⓘ unidirectional payment channel ⓘ
describedIn	The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments NERFINISHED ⓘ
enables	fast Bitcoin payments ⓘ low-cost Bitcoin payments ⓘ off-chain Bitcoin transactions ⓘ
governedBy	BOLT 1 NERFINISHED ⓘ BOLT 11 NERFINISHED ⓘ BOLT 12 NERFINISHED ⓘ BOLT 2 NERFINISHED ⓘ BOLT 3 NERFINISHED ⓘ BOLT 5 NERFINISHED ⓘ BOLT 7 NERFINISHED ⓘ BOLT 9 NERFINISHED ⓘ
hasChallenge	UX complexity for users ⓘ channel capacity limits ⓘ liquidity management ⓘ routing reliability ⓘ
hasGoal	enable instant settlement ⓘ enable micropayments ⓘ improve Bitcoin scalability ⓘ reduce on-chain transaction load ⓘ
hasImplementation	Breez NERFINISHED ⓘ Core Lightning NERFINISHED ⓘ Eclair NERFINISHED ⓘ LDK NERFINISHED ⓘ LND NERFINISHED ⓘ LNDK NERFINISHED ⓘ Phoenix NERFINISHED ⓘ Rust-Lightning NERFINISHED ⓘ Zeus NERFINISHED ⓘ c-lightning NERFINISHED ⓘ
hasProperty	non-custodial design ⓘ off-chain transaction routing ⓘ peer-to-peer network ⓘ privacy improvements over on-chain payments ⓘ probabilistic payment routing ⓘ requires liquidity in channels ⓘ supports atomic multi-path payments ⓘ supports invoice-based payments ⓘ supports keysend payments ⓘ supports multi-hop payments ⓘ supports onion routing ⓘ
hasRoutingProtocol	BOLT 4 NERFINISHED ⓘ
hasSpecification	BOLT NERFINISHED ⓘ Basis of Lightning Technology NERFINISHED ⓘ
introducedBy	Joseph Poon NERFINISHED ⓘ Thaddeus Dryja NERFINISHED ⓘ
requires	on-chain channel closing transaction ⓘ on-chain funding transaction ⓘ
securityDependsOn	Bitcoin base layer ⓘ
supportsAsset	Bitcoin NERFINISHED ⓘ
supportsFeature	channel backups ⓘ channel rebalancing ⓘ fee markets for routing ⓘ private channels ⓘ public channels ⓘ watchtowers ⓘ
uses	commitment transactions ⓘ penalty mechanism for cheating ⓘ revocation secrets ⓘ
usesConcept	hashed timelock contracts ⓘ multi-signature addresses ⓘ payment channels ⓘ time-locked transactions ⓘ
whitepaperYear	2015 ⓘ

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Segregated Witness → enables → Lightning Network ⓘ

Chivo Wallet → paymentNetwork → Lightning Network ⓘ

this entity surface form: Bitcoin Lightning Network

Chivo ATMs → supportsTechnology → Lightning Network ⓘ

this entity surface form: Bitcoin Lightning Network