LightningCoin

1. Summary

Ranks

Liquidity

-

Developer

-

Social

11

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000346441 0.0%

Market Cap

$0.00 (#10716)

Supply

/

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Price
52W High price	$0.000011691600
52W High date	25th Feb 2023 (1 year ago)
All Time High (ATH) Date	11th Jan 2025 (1 month ago)
All Time Low (ATL) Date	11th Jan 2025 (1 month ago)

Supply & Trading Volume

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Description

Overview

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Overview

LightningCoin focuses on leveraging the Lightning Network to enhance the efficiency and scalability of cryptocurrency transactions. This decentralized system enables fast and low-cost micropayments between participating nodes without compromising control over funds.

Design and Functionality

The Lightning Network operates as a "layer 2" payment protocol built on top of various blockchain technologies, including Bitcoin. This setup involves opening bidirectional payment channels and committing funds to the blockchain via smart contracts. All off-chain transactions are recorded and updated within the channel, while only the final settlement is broadcast to the blockchain, thereby reducing congestion and increasing speed.

Use Cases and Implementations

The Lightning Network has been used in various real-world scenarios, such as purchasing goods like pizza and supporting a presidential campaign. It implements the BOLT (Basis of Lightning Technology) protocol for its operations.

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