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RE: What are Lightning Networks - Writeup

in #bitcoin7 years ago (edited)

Great explanation, making the complex simple.... I have I question, Lightning Net. has no fees, but, we still have to pay the previous mining fees, right? is no going to take out ALL fees, is this correct?

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The idea here is that you would combine tons of lightning transactions into a single on-chain transaction... therefore less fees per individual lightning transaction.. If I get this right