Lightning Network

E696533

The Lightning Network is a second-layer protocol built on top of Bitcoin that enables fast, low-cost, off-chain transactions through a network of payment channels.

All labels observed (6)

How this entity was disambiguated

Statements (70)

Predicate Object
instanceOf Bitcoin scaling solution ⓘ
payment channel network ⓘ
second-layer protocol ⓘ
builtOn Bitcoin ⓘ
channelType bidirectional payment channel ⓘ
unidirectional payment channel ⓘ
describedIn The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments ⓘ
linked to: Lightning Network
enables fast Bitcoin payments ⓘ
low-cost Bitcoin payments ⓘ
off-chain Bitcoin transactions ⓘ
governedBy BOLT 1 ⓘ
BOLT 11 ⓘ
BOLT 12 ⓘ
BOLT 2 ⓘ
linked to: BOLT

BOLT 3 ⓘ
linked to: BOLT

BOLT 5 ⓘ
linked to: BOLT

BOLT 7 ⓘ
linked to: BOLT

BOLT 9 ⓘ
linked to: Lightning Network
hasChallenge UX complexity for users ⓘ
channel capacity limits ⓘ
liquidity management ⓘ
routing reliability ⓘ
hasGoal enable instant settlement ⓘ
enable micropayments ⓘ
improve Bitcoin scalability ⓘ
reduce on-chain transaction load ⓘ
hasImplementation Breez ⓘ
Core Lightning ⓘ
linked to: Lightning Network

Eclair ⓘ
LDK ⓘ
LND ⓘ
LNDK ⓘ
Phoenix ⓘ
Rust-Lightning ⓘ
Zeus ⓘ
c-lightning ⓘ
hasProperty non-custodial design ⓘ
off-chain transaction routing ⓘ
peer-to-peer network ⓘ
privacy improvements over on-chain payments ⓘ
probabilistic payment routing ⓘ
requires liquidity in channels ⓘ
supports atomic multi-path payments ⓘ
supports invoice-based payments ⓘ
supports keysend payments ⓘ
supports multi-hop payments ⓘ
supports onion routing ⓘ
hasRoutingProtocol BOLT 4 ⓘ
hasSpecification BOLT ⓘ
Basis of Lightning Technology ⓘ
introducedBy Joseph Poon ⓘ
Thaddeus Dryja ⓘ
requires on-chain channel closing transaction ⓘ
on-chain funding transaction ⓘ
securityDependsOn Bitcoin base layer ⓘ
supportsAsset Bitcoin ⓘ
supportsFeature channel backups ⓘ
channel rebalancing ⓘ
fee markets for routing ⓘ
private channels ⓘ
public channels ⓘ
watchtowers ⓘ
uses commitment transactions ⓘ
penalty mechanism for cheating ⓘ
revocation secrets ⓘ
usesConcept hashed timelock contracts ⓘ
multi-signature addresses ⓘ
payment channels ⓘ
time-locked transactions ⓘ
whitepaperYear 2015 ⓘ

How these facts were elicited

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Segregated Witness → enables → Lightning Network ⓘ
Chivo Wallet → paymentNetwork → Bitcoin Lightning Network ⓘ
linked to: Lightning Network
Chivo ATMs → supportsTechnology → Bitcoin Lightning Network ⓘ
linked to: Lightning Network
Lightning Network → hasImplementation → Core Lightning ⓘ
linked to: Lightning Network
Lightning Network → describedIn → The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments ⓘ
linked to: Lightning Network
Lightning Network → governedBy → BOLT 9 ⓘ
linked to: Lightning Network
Pieter Wuille → influenced → Bitcoin scalability roadmap ⓘ
linked to: Lightning Network