ln.fyi
Real-time lightning network statistics to learn how it works
Listed in categories:
CryptoBitcoinGitHub
Description
The Lightning Network is a layer 2 payment protocol built on top of Bitcoin that enables instant, low-cost transactions while increasing Bitcoin's transaction capacity. It serves as a scaling solution for Bitcoin, allowing for faster and more efficient payments.
How to use ln.fyi?
To use the Lightning Network, users need to set up a Lightning wallet, open a payment channel with another node, and then they can start sending and receiving payments instantly and at low costs.
Core features of ln.fyi:
1️⃣
Instant transactions
2️⃣
Low transaction fees
3️⃣
Increased transaction capacity
4️⃣
Enhanced network connectivity
5️⃣
Support for multiple payment channels
Why could be used ln.fyi?
| # | Use case | Status | |
|---|---|---|---|
| # 1 | Facilitating microtransactions for online content | ✅ | |
| # 2 | Enabling fast payments for e-commerce | ✅ | |
| # 3 | Improving transaction efficiency for Bitcoin users | ✅ | |
Who developed ln.fyi?
The Lightning Network is developed by a community of contributors and organizations focused on enhancing Bitcoin's scalability and usability. It includes various developers, businesses, and researchers dedicated to improving the network's infrastructure and user experience.