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KEY TAKEAWAYS
  • The Lightning Network enables fast, low-cost Bitcoin payments using a secure layer-2 protocol.
  • Payment channels allow instant, off-chain transactions, settling on-chain only when channels close.
  • Lightning fees vary dynamically with network conditions, channel liquidity, and routing node policies.
  • Wallets like Phoenix (non-custodial) and Wallet of Satoshi (custodial) simplify Lightning payments for users.
Great breakdown of the Lightning Network! It’s amazing how it makes Bitcoin payments so fast and cheap.
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