Opago pay.
powered by Lightning.

What is the Lightning Network?

Lightning is also known as the Lightning Network. Some simply call it: LN. It is a scalability solution built on top of Bitcoin and allows users to quickly send and receive Bitcoin.

OPAGO: cheap transactions in no-time and one of the most secure payment solutions on the market!
Using the Bitcoin Lightning Network.

How it works:

Transfers are done via a new network of payment channels anchored in Bitcoin’s blockchain considered to be an off-chain Layer 2 solution. Bitcoin’s Layer 1 Blockchain is only capable of approximately 7 transactions per second and fees can flactuate. The LN aims to solve these limitations by providing instant and cheap transactions while achieving a throughput of approximately 1 million transactions per second.

Scope of application

While Lightning can be used for any type of transfer, most find it useful for micropayments or smaller transfers that are typically uneconomical due to base layer fees. As of August 2021, Lightning Network stats show that more than 2,000 BTC have been transferred using the network. 

Decentralized, permissionless, open source

It is important to note that the Lightning Network does not implement a new token and allows for the same freedoms as Bitcoin – it’s decentralized, permissionless, and open source. Its security derives from on-chain Bitcoin transactions, which use smart contracts to enable instant, off-chain settlements.