Transactions in Bitcoin Lightning Network
Fast and cheap transactions in Bitcoin with lightning network and Calypso Pay.
Where use lightning network
Lightning network is for business with high frequency incoming and out going transactions. Lightning Payments are the most useful type of payment when it comes to small purchases.
Low cost products that are usually paid with by cash or card are too small to take up precious space on the relatively slow and expensive Bitcoin Blockchain.
Why use lightning network?
Almost costless
transaction fee
Any number of transactions
per 1 second
1 second confirmation time on
blockchain
Lightning, Bitcoin and Visa comparison
Speed
Cost
Transactions per second
Privacy
Fault tolerance