Introduction
In 2024, the cryptocurrency sphere witnessed a staggering $4.1 billion lost to DeFi hacks. As digital assets continue to gain traction across the globe, discussions surrounding their security have intensified. Vietnam’s cryptocurrency market is burgeoning, with an estimated growth rate of 300% in digital asset usage among locals. This phenomenon underscores the urgency for robust frameworks like the Bitcoin Lightning Network.
This article delves into the Bitcoin Lightning Network, its applicability in Vietnam, and how the local market can leverage this technology to bolster financial security.
Understanding the Bitcoin Lightning Network
The Bitcoin Lightning Network (BLN) is a second-layer solution designed to enhance the scalability of the Bitcoin blockchain. Deriving from inherent limitations in transaction speeds and costs associated with on-chain transactions, the Lightning Network acts as a
