Simplifying Bitcoin Transactions with Lightning Channels

Lightning Network transforms Bitcoin transactions into fast, low-cost, and private exchanges. By leveraging off-chain channels, users can enjoy near-instant transactions without congesting the blockchain. This innovative process involves:

- Funding Transaction: Establish the channel's balance.
- Commitment Transactions: Securely update balances off-chain.
- Settlement Transaction: Conclude with an on-chain summary.

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