The Lightning Network has solved several problems that have plagued cryptocurrency transactions. First, it addresses the issue of slow transaction confirmation speeds, where higher fee payers are prioritized, leading to longer wait times for lower fee payers. Secondly, it aims to reduce the high energy costs of proposing transaction blocks. Finally, by using smart contracts and multi-signature as core components, the network ensures that designated recipients securely receive their funds and efficiently distributes funds through channels. Currently, Bitget users can choose the Lightning Network as a new option for depositing or selling bitcoins.
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