Lightning Network And Blockchain?

brut
Posts: 1
Joined: Mon Apr 10, 2017 7:54 am

Lightning Network And Blockchain?

Mon Apr 10, 2017 7:59 am

Does the Lightning Network take its own blockchain?
craig
Posts: 6
Joined: Sat Apr 08, 2017 11:20 am

Re: Lightning Network And Blockchain?

Mon Apr 10, 2017 8:37 am

The Lightning network is dependent on the blockchain because on-chain Bitcoin transactions need to open and close “channels” between peers in the system. Once a channel is open, you can send bitcoin off-chain in both directions within the channel.

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