What is ExitPay ? ExitPay is a third-party host which self-hosts a BTCPay Server instance and enables other users to register and use the server for free. While, third-party hosts provide an easy and cost-effective way for users to try…
Tag: Lightning Network
The Lightning Network is a Layer 2 protocol for Bitcoin, specifically designed for cheap, fast and private payments. As an overlay network consisting of payment channels, Lightning payments are not recorded on Bitcoin’s blockchain — only channel-funding transactions and channel-closing transactions are. This effectively means that many Lightning transactions can be settled with much fewer on-chain Bitcoin transactions.