Lightning Bitcoin as a digital currency payment protocol is seen as the major solution for the prominent Bitcoin-related scalability issue as its peer-to-peer payment system works perfectly when dealing with digital currencies micropayments.
Lightning Bitcoin Online Casinos
As suggested by its name, Lightning Bitcoin offers its users low-cost, instant Bitcoin transactions. Hence this is a micropayment protocol. The network is powered by a peer-to-peer payment system which makes micropayments through a powerful, yet light network of payment channels. Bitcoin was proposed back in 2008 and ten years later, one of the biggest issues with using Bitcoin remains scalability which relates to Bitcoin processing only around seven transactions per second since its inception. This results in longer processing times with big transactional fees.
This is not an issue with Lightning Bitcoin as it adds another layer to the blockchain Bitcoin system and enables all participants to create channels between two parties using that additional layer. Due to its benefits such as lowered transactional fees and instant processing times, Lightning Bitcoin is used by many online casino venues.