A million transactions per second? That’s Lightning Network speed! Outpacing Visa and Solana, Bitcoin micropayments are the fastest payment method available. Here’s how to use it.
By depositing BTC into a Lightning wallet, users open a channel, and that is their entry into the network. Even if it’s impossible to see, every time a user pays a new person or a new business with the Lightning Network, the user opens a channel with that counterparty.
Payments occur through a channel instantly, with near-zero fees, without going through Bitcoin’s base layer all the time. With increasing amounts of funding and interest around the Lightning Network, such an ecosystem is gaining growing traction among Bitcoin enthusiasts, especially in light of the Lightning Network smart contract set up, which may open opportunities inTo deposit Bitcoin into Cash App, Bitcoin withdrawals and deposits must be enabled within the app by taking the following steps:Click on “Deposit Bitcoin” to get started.
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