Blogs

The Soul of EvoMone

Before the app, before the code. Nine personal essays on money, freedom and why we built something different.

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Know Your Bitcoin

News, guides and insights on Bitcoin and EvoMone.

Bitcoin Wallet Evomone Content Editor Bitcoin Wallet Evomone Content Editor

What Is a Lightning Network Wallet: Why It Makes Sending Bitcoin Faster

Bitcoin's original design is brilliant for security and decentralisation. It is less suited to speed. A standard on-chain Bitcoin transaction requires miners to confirm it on the blockchain, a process that takes an average of ten minutes under normal conditions and longer during periods of congestion. For sending money to a family member abroad or making an everyday payment, ten minutes is not fast enough, and the fee attached to that confirmation is often disproportionate to the amount being sent.

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