The Lightning Network addresses Bitcoin’s limited scalability by introducing a layer on top of the Bitcoin blockchain that can handle transactions at much higher speeds and lower costs. Blockchain technology relies upon a shared record of transactions across a peer-to-peer network of computers. If you follow tech news, youtu.be you've likely heard a lot of buzz about blockchain technology. Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading. There are countless articles on the subject, ranging from how blockchain will transform the entertainment industry to how blockchain can reassure you that the fish you are about to enjoy for dinner is from a sustainable source. This can allow P2P lightweight wallets to find blocks with transactions that affect their wallet much more privately than currently possible with BIP37 bloom filters.
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