What is the primary purpose of the Lightning Network in the context of Bitcoin?

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What is the primary purpose of the Lightning Network in the context of Bitcoin?

Question: What is the primary purpose of the Lightning Network in the context of Bitcoin?

Answer: To enable faster and cheaper off-chain transactions.

Further reading

Which term describes the process of combining multiple smaller transactions into a single, larger transaction to improve efficiency?

What is the purpose of a “governance token” in a decentralized autonomous organization (DAO)?

Which blockchain platform is known for its focus on enhancing privacy through features like Confidential Transactions and Bulletproofs?

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