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What is an NFT? A complete guide To non-fungible tokens
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What is the risk of using Lightning Network? By having more open links with other companies, companies who invest in Lightning Network nodes may end up becoming similar hubs or centralized nodes in the network. Price volatility, fees, hacking, and fraud are further issues.
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Is Lightning Network anonymous? It is possible to track transactions on the BTC blockchain from one wallet to another. Since only the opening and shutting of channels are reported to the chain when using the Lightning Network, the majority of micropayments will be practically impossible to track down.
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How do you pay on the Lightning Network? There isn’t any official Lightning Network app, however, several platforms give the opportunity for users to interact with the Lightning Network. Some of the most commonly used ‘unofficial’ Lightning Network apps include Muun and Wallet of Satoshi.
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Should I use Bitcoin or Lightning Network? BTC can be used as a mode of storage and doing transactions on-chain which can be slow and expensive. Alternatively, since there is no separate Lightning Network token, and users can use BTC for transacting BTC with low fees, faster speeds, and making online purchases that require instant settlements.
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