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    1. The CoinGate sell bitcoin team has been looking for innovative ways to solve Bitcoin scaling problem. With LN payments, shoppers are able to pay with miniscule fees and get instant payment confirmations, at the same time enabling merchants to ship their goods virtually instantly without risk of chargebacks or fraud. “CoinGate takes every opportunity to innovate and offer cutting-edge solutions to our users. We are keen believers in cryptocurrencies as a way to transact globally, and the Lightning Network, although still a fresh new technology, fits exactly in our vision of what Bitcoin should be in the future”, says Dmitrijus Borisenka, Co-Founder and CEO of CoinGate.Lightning Network connects users (nodes) in a web of “payment channels” independent of the main Bitcoin network. Using these channels, transactions can be made by users (nodes) “off-chain”. With Lightning, transactions can be trusted within a fraction of a second, at virtually no cost, without being confirmed on the Bitcoin blockchain. This introduces a range of benefits and potential use cases for Bitcoin, such as high-volume micro-transactions, high frequency and real-time trading without storing funds with third party exchanges, among others. 20436
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