Ethereum: What is the Lightning Network proposal? What problem is it trying to solve?

Ethereum: Discovering a lightning network design – a solution for scalability and security

Ethereum Blockchain has gained huge popularity in recent years and attracts a new wave of developers, investors and users. Although her problems with scalability and certainty have long discussed the topics, it seems that the proposal has solved these problems and brought a significant improvement of the performance and usability of the network.

What is Lightning Network?

Simply put, Lightning Network (LN) is a decentralized payment system outside the chain that enables fast and cheap transactions among users without relying on traditional payment networks such as banks. This is achieved by a network of nodes called “bulbs” that act as intermediaries to facilitate transactions between users.

What problem is he trying to solve?

The main problem that plagues scalability and safety of Ethereum was the problem of overloading when a large amount of transactions causes delay and increased fees. When more users joined the network and included in frequent transactions, the network is increasingly overloaded, leading to slower time blocking, higher fees and reduced usability.

In order to solve this problem, the design of the Lightning network tries to introduce a new feature layer that enables fast and cheap transactions among users without the need for direct interaction with Ethereum Blockchain. This is achieved by a new approach called “2” scaling, which allows for faster and cheaper transactions outside the chain at the top of the existing Ethereum network.

** Key Lightning Network Design features

The proposed lightning network consists of several key features, including:

1.

• Lama Course

  

  : Small nodes acting as mediators among users allow for fast and safe transactions on the chain.

• External chain transactions : transactions with fast and low ones are implemented directly outside the chain, bypassing the need for network overload.

• Reduced fees : lower transactions fees allow more frequent and extended lightning reception.

What will be next?

The design of the Lightning Network is still at an early stage, but it has already gained a significant interest of developers, investors and users. As this technology is constantly developing, we can expect increased acceptance and improvement of scalability and security.

Finally, the design of the Lightning network is an exciting step forward in the development of the Ethereum ecosystem. By resolving the network overloading network and the introduction of a new layer of functionality for fast and low -Did transactions, the Lightning network can significantly improve the usability and performance of Ethereum blockchain.

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