Bitcoin is a peer-to-peer electronic cash system that allows you to send any amount of money to anyone in the world for less than a penny, and no one can stop you. Or at least that what it's supposed to be.
Facing significant problems with long confirmation times and high fees, the global crypto-currency technology is facing significant issues with scaling to meet the planet's massive demand.
The Lightning Network is a proposed second-layer solution intended to fix these problems. But what is it? How does it operate? And will it truly free us from the banking industry once and for all?
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