Frequently Asked Questions

The Lightning Network is a "Layer 2" payment protocol layered on top of Bitcoin. It enables fast, low-cost transactions by creating a network of payment channels between users.

Think of it like a bar tab. Instead of settling every single drink purchase on your credit card (which would be slow and expensive), you open a tab and settle the entire bill at the end of the night. The Lightning Network works in a similar way, allowing for a large number of transactions to happen "off-chain" with only the final balance being recorded on the main Bitcoin blockchain.

Key Benefits:

• Instant Payments: Transactions are confirmed in seconds, not minutes.
• Low Fees: Fees are typically a fraction of a cent, making it ideal for micropayments.
• Scalability: It helps to scale the Bitcoin network, allowing for a much higher volume of transactions.

By integrating the Lightning Network, OrangeCat will be able to offer a faster and cheaper way to support the projects you care about.