Before dive into the world of Bitcoin Casinos on the Lightning Network, its important to understand what the lightning network is.
Lightuing network is a protocol built on top of the Bitcoin blockchain that aims to improve its scalability and transaction speed. It introduces a "layer two" solution, enabling faster and cheaper transactions by creating a network of off-chain payment channels.
Here's a simplified explanation of how the Lightning Network works:
Imagine you and your friend frequently make transactions between yourselves using Bitcoin. Instead of recording every single transaction on the Bitcoin blockchain, which can be slow and costly, you decide to open a payment channel.
To open the channel, you both deposit a certain amount of Bitcoin into a multisignature address. The channel is now established, and you can transact with each other without involving the main blockchain.
Now you probably understand why Bitcoin Casinos is the ultimate place to go if you want to have a true decentralized casino experience.