Bitcoin Lightning Network: This You NEED TO KNOW!! (Ep 221)
Coin Bureau
00:00
The Lightning Network Has Got You Covered
B t c payments made through intermediary payment channels are secured by a technology called hashed time locks. This involves exchanging a secret code with the end recipient first before any b t c is sent. If anything goes wrong along the way, such as one of the connected computers going off line, the transaction is automatically cancelled and the appropriate parties punished if it was a malicious act. The more payment channels there are, the faster and more far reaching the lightning network is. It's possible for the whole planet to use b t c as digital cash, like satoce invisioned.
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