The difference between Bitcoin in Lightning Network and on-chain bitcoins
The identity of these coins is the same in each network and there is no difference between them. The only difference is their speed and fees, and Bitcoin also uses multi-signature addresses for its own transactions. Overall, the argument that bitcoin on the Lightning network is different from on-chain bitcoins is not true. What really happens is that the Lightning network bitcoins eventually flow to on-chain transactions.
the second layer on bitcoin’s main blockchain
This solution helped Bitcoin to do a lot of trading on the Lightning Network. Therefore with multiple payment channels, it can trade. These transactions are also processed when opening and closing a channel. So, transactions can be done between the two parties without pause and more quickly.
The reason: like the main blockchain, not all transactions need to be approved by all nodes within a blockchain.
By combining separate payment channels between the two parties, lightning nodes are formed that can trade more quickly. And the connection of these channels forms a wide network of Lightning.
This article was written by me at notatether.com. To read more, go to the following address:
https://notatether.com/bitcoin/bitcoin-lightning-network-and-a-simple-review-of-this-network/