Alright, so here's the deal - I've been wracking my brain trying to understand the whole concept of the Lightning Network. I mean, I know it's meant to help Bitcoin transactions become faster, but I'm not entirely sure how it all works. So from what I gathered, it creates a separate channel for the transactions that don't hit the main Blockchain, but how does that exactly help speed up Bitcoin transactions? Is it because it bypasses the main Blockchain's transaction process or is there more to it? I'd really appreciate it if someone could break this down for me. Thanks a bunch!
I'm afraid I have to disagree. Not only does this method seem risky, but it also appears to compromise on the fundamental idea of decentralization that Bitcoin is built on. We might be trading speed for security here.
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