
Bitcoin Lightning Network – An Overview
Joseph Poon and Thaddeus Dryja came up with an innovative idea in their whitepaper The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments. They proposed a way to make Bitcoin highly scalable from 8 transactions per second(TPS) to about million TPS.
Since then, it has caught a lot of attention and development work in going to make lightning networks a reality. In this article, we will discover behind scenes of the lightning network.