One of the biggest questions facing Bitcoin has always been: can it scale? Will it be able to handle millions of people using it for small payments in their everyday lives? The Lightning Network provides a promising answer to these questions.
The Lightning Network is like an additional layer of connections built over the blockchain that dramatically improves its performance. It enables Bitcoin to handle millions of transactions per second with almost zero fees. This creates possibilities beyond what’s possible with traditional money.
At OMGFIN, we’re very excited about the Lightning Network. We believe this technology is the next step for Bitcoin and one of the payment systems of the future. If you’ve been struck by Lightning too, connect to our node, and let’s grow the network together.
A Lightning Network node is software that connects to the Lightning Network to send and receive bitcoin from other nodes. The network is made up entirely from these nodes connecting.
1. As long as there are nodes online, the network is alive. They are its basic building blocks.
2. As more nodes open payment channels, the total network liquidity increases. It allows users to send more money to more people.
OMGFIN has been supporting the Bitcoin industry since its early days. By running our own Lightning Network node, we want to help the network grow and encourage other companies to start working with this amazing technology as well.
If you'd like to run a Lightning node just for your personal use, that's cool too! You can set one up for free if you're technical enough, but you'll have to run a full Bitcoin node as well. For less tech-savvy users, Casa is a popular choice for ready-made hardware Lightning nodes.
Do you have a Lightning Node of your own? Connect with ours.