The Lightning Network enables micropayments and crossborder transactions without the need for intermediaries from "summary" of The Bitcoin Standard by Saifedean Ammous
The Lightning Network is a groundbreaking technology that has the potential to revolutionize the way we think about transactions. By enabling micropayments and crossborder transactions without the need for intermediaries, it opens up a world of possibilities for the future of finance. With the Lightning Network, users can send small amounts of Bitcoin instantly and at virtually no cost. This means that transactions that were once considered too small or too expensive to be practical are now feasible. Moreover, the Lightning Network allows for crossborder transactions without the need for traditional financial institutions. This...
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