What is the Lightning Network?

Tiena Sekharan
5 min readDec 8, 2020

Remember the guy who paid 10,000 bitcoin for 2 pizzas back in 2010? His name is Laszlo Hanyecz. In 2018, he bought 2 more pizzas with bitcoin. This time using the Lightning Network. He paid 0.00649 bitcoin.

What is the Lightning Network?

It is a 2-way payment network that sits on top of the Bitcoin blockchain and provides almost instant and almost free transfers.

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Tiena Sekharan

I’m passionate about Cryptocurrencies and am keen to help those struggling to make sense of this world with all its confusing terms and esoteric concepts.