Lightning Network

Lightning Network, by Lightning Labs, is a layer-two scaling solution for Bitcoin, enabling instant, low-cost transactions. It provides open-source software like the Lightning Network Daemon (LND) and tools such as Lightning Terminal for managing nodes and liquidity. The platform aims to facilitate efficient global Bitcoin payments and financial services.

Lightning Network, developed by Lightning Labs, provides a layer-two solution for Bitcoin, enabling faster, cheaper, and more scalable transactions. It offers core payment processing capabilities through its Lightning Network Daemon (LND) and various tools like Lightning Terminal for node management and liquidity. While it focuses on Bitcoin and related assets, it facilitates payment processing and offers developer APIs for integration. The 'Stripe Connect' and 'Stripe Terminal' features are matched conceptually as Lightning Network enables similar functionalities for marketplaces and in-person transactions through its underlying technology and tools like Loop and Pool for liquidity management, and the ability to issue assets via Taproot Assets. The dashboard and reporting are available through Lightning Terminal. Multi-currency support and global payment methods are inherent to its nature as a global Bitcoin layer-2 solution, and it uses a webhook-like event system for real-time updates.