Alby 🐝 Profile picture
Jan 4 6 tweets 3 min read
BacktoBasics thread 🧵#lightningnetwork

For all our new friends who are new to using the Lightning network or thinking about getting themselves a Lightning wallet.

So you're right into #Bitcoin, you've probably heard about the Lightning Network. ⚡️
Lightning Network is a layer on top of the Bitcoin blockchain that enables fast, cheap, and scalable transactions⚡️
It works by creating a network of payment channels that can be used to send and receive Bitcoin without having to wait for blocks to be confirmed on the blockchain
This means that you can use the Lightning Network to make instant payments, with very low fees. In order to use the Lightning Network, you'll need a special type of wallet called a Lightning wallet.
You can get a Lightning wallet from lots of different companies including Alby.. here is probably the most used..
@walletofsatoshi @Breez_Tech @bluewalletio @MuunWallet @PhoenixWallet
A Lightning Wallet works by creating a network of payment channels that can be used to send and receive Bitcoin without having to wait for blocks to be confirmed on the blockchain.
This means that you can use the Lightning Network to make instant payments, with very low fees.
So if you want to experience the future of fast and cheap Bitcoin payments, give a Lightning wallet a try!
You can get signed up here and get your Lightning Wallet from Alby :) #LightningNetwork #Bitcoin
getalby.com

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More from @getAlby

Jan 3
GM on this special day 3rd January 2023 🚀

Today marks the 14th anniversary of the mining of the Bitcoin Genesis block by the genius Satoshi Nakamoto. A revolutionary achievement in decentralized technology. Happy Bitcoin Genesis Day! #Bitcoin #GenesisDay #SatoshiNakamoto 🧵
This laid out the foundation for the world's first decentralized digital currency, which has since grown to become a global phenomenon with a market capitalization of over $1 trillion...
But the road to get here was not easy. In the early days, Bitcoin faced significant resistance and skepticism from the traditional financial world. There were (and still are) concerns about its use for illegal activities, as well as its volatile price and lack of regulation.
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