Summary

This blockchain network allows users to create a secure payment system by building a chain of two-party ledger entries. When users initiate a payment, the transaction is validated by verifying the sender's and receiver's digital identities within this shared ledger.

The core of this system involves a script that runs across the network to check the integrity of every entry. If the data aligns perfectly without inconsistencies, the entire payment proceeds with a specific atomic time-lock mechanism. This ensures that the success of one transaction automatically halts the execution of other conflicting transactions, guaranteeing that the payment either completes fully or is abandoned immediately.

Title

Lightning Network

Description

Lightning Network

Keywords

network, lightning, transactions, smart, payment, possible, contract, ledger, entry, instant, payments, using, participants, contracts, individual, chain, party

Downstreams

creativecommons.org

NS Lookup

A 172.67.194.235, A 104.21.12.149

Dates

Created 2024-02-23

Updated 2026-01-29

Summarized 2026-03-23