What is the Bitcoin Lightning Network? 1103 October 20, 2023 The Bitcoin Lightning Network is a layer-two scaling solution built on top of the Bitcoin blockchain. It aims to enable faster, cheaper, and more scalable transactions by allowing users to create off-chain transaction channels. While regular BTC transactions are limited by block times and can face high transaction fees, Lightning Network enables instant settlement and lower fees when you transfer BTC. The Lightning Network is a decentralized system for instant, high-volume micropayments that removes the risk of delegating custody of funds to trusted third parties.