2.3.3.3 Lightning Node

return to Node Taxonomy

Lightning Node is a participant in a lightning_network1) “Blockchain Nodes: An In-Depth Guide”, https://nodes.com/ using multi-signature2) “How to Use Multisig to Keep Your Coins Ultra-Safe”, Kai Sedgewick, 2 March 2019, https://news.bitcoin.com/how-to-use-multisig-to-keep-your-coins-ultra-safe/ on a payment_channel3) “Bitcoin’s Lightning Network Payment Channel Explained !!”, Sudhir Khatwani, 11 March 2019, https://themoneymongers.com/payment-channels/ . Lightning Nodes create a small community (2 to n) of Blockchain Nodes. The community can trade without having to use the expensive Ledger Transaction and has been proposed as a way to provide scalability to Bitcoin.