The Lightning Network utilizes multi-signature technology to ensure that transactions are secure. When a payment channel is established between two users, bitcoin is sent to a multi-signature address, which requires signatures from both parties to spend. This ensures that no one party can move the funds without the other party's agreement. Parties keep a signed transaction representing the most recent state of the channel so that they can broadcast that state and close the channel without the other party's cooperation.
Instant Payments. Lightning-fast blockchain payments without worrying about block confirmation times. Security is enforced by blockchain smart-contracts without creating a on-blockchain transaction for individual payments. Payment speed measured in milliseconds to seconds.
The Lightning Network has implemented various security features to address concerns regarding privacy, routing attacks, channel breaches, and denial-of-service attacks.
Crypto BTC Wallet does not provide any virtual asset services or any financial services, nor does provide any advisory, mediation, brokerage or agent services. Virtual asset services are provided to Crypto BTC Wallet customers by third party service providers, which activities and services are beyond Crypto BTC Wallet control. We urge all Crypto BTC Wallet customers to familiarize themselves with the terms and conditions of third-party virtual asset service providers before engagement into a business relationship.
We also note that Crypto BTC Wallet is not the creator of and does not have any control over any of the virtual currencies that the Crypto BTC Wallet Desktop and MCrypto BTC Wallet Website allow Crypto BTC Wallet customers to use. Crypto BTC Wallet customers balance and actual transaction history are supported by each cryptocurrency blockchain explorer. Crypto BTC Wallet does not collect or store any private keys, backup phrases or passwords. Further, Crypto BTC Wallet does not hold, collect, or transfer any assets from or to its customers wallets in any form.