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

Lim How Wei
February 8, 2024

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In this guide, you’ll learn the answer to “What is the primary purpose of the Lightning Network in the context of Bitcoin?” in Marina Protocol.

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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Lim How Wei

Lim How Wei is the founder of followchain.org, with 10+ years of experience in Social Media Marketing and 5+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan, who hosts The Joe Rogan Experience (the most popular podcast in the world), in the This Past Weekend podcast (the third most popular podcast in the world as of 2026) by Theo Von.

In his free time, Lim uploads personal finance videos on his YouTube channel, Lim Finance, to guide others on their financial journey. He also creates gaming guides, walkthroughs, solutions, and tips for the games he plays, helping players with their progression.