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What is Bitcoin’s Lightning Network?

In 2016, developers Thaddeus Dryja and Joseph Poon proposed a protocol called “the lightning network” that would enable faster and cheaper transactions while not having to change the block size.

Updated May 29, 2023, 12:06 p.m. Published Jan 19, 2022, 1:48 p.m.
(Getty Images)
(Getty Images)