⚡ What’s the Lightning Network? And why does it work for energy payments?
Lightning is a way to scale Bitcoin. It can be thought of as batched Bitcoin transactions between parties. Lightning has several advantages over onchain Bitcoin. Fees are more predictable, and the payments are instant. No waiting anywhere from 10 minutes to hours to days for final settlement. You can also send any amount, both large and small! Just like you can use any amount of energy.
At Synota, we plug Lightning into your power bill.
That means you can stream payments as you use electricity.
🧠 Smart energy. Open access. Real-time.