Lightning Network MCQs

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1. : The Lightning Network is primarily built to scale which blockchain?





2. : The Lightning Network is an example of which type of solution?





3. : The Lightning Network was first proposed in which year?





4. : The Lightning Network primarily reduces ____.





5. : The Lightning Network uses which mechanism to enable instant payments?





6. : Which of the following is a major advantage of the Lightning Network?





7. : The Lightning Network allows transactions to be conducted ____.





8. : Which type of contracts are used in the Lightning Network to secure off-chain payments?





9. : Which cryptocurrency benefits most from Lightning Network adoption?





10. : The Lightning Network helps solve which major blockchain issue?





11. : Who were the original proposers of the Lightning Network?





12. : Payments on the Lightning Network are ____.





13. : The Lightning Network uses which concept for routing payments?





14. : Which country widely adopted the Lightning Network for Bitcoin payments?





15. : The Lightning Network reduces Bitcoin’s reliance on ____.





16. : In the Lightning Network, two parties open a channel by ____.





17. : Which of these wallets supports Lightning Network payments?





18. : A key limitation of the Lightning Network is ____.





19. : Which layer provides the security foundation for the Lightning Network?





20. : What happens when a Lightning payment channel is closed?





21. : The Lightning Network is most useful for ____.





22. : Which consensus does the Lightning Network depend on for security?





23. : The Lightning Network can theoretically handle ____ transactions per second.





24. : Which feature ensures fairness in Lightning channels?





25. : What is the minimum requirement to open a Lightning channel?





26. : Which problem does the Lightning Network mainly avoid?





27. : Which companies have actively developed the Lightning Network?





28. : Lightning Network transactions are recorded on-chain ____.





29. : The Lightning Network can be seen as a network of ____.





30. : Which is NOT a challenge for Lightning Network adoption?





31. : What happens if one party tries to cheat in a Lightning channel?





32. : Lightning Network enables ____.





33. : Which Lightning implementation is developed by Blockstream?





34. : Lightning payments are routed through ____.





35. : Which is an example of a Lightning-ready application?





36. : The Lightning Network helps Bitcoin compete with ____.





37. : Which of the following is NOT a Lightning-enabled wallet?





38. : In Lightning, routing payments involves ____.





39. : A closed channel’s balance is ____.





40. : Lightning payments are considered ____.





41. : What is a major limitation of Lightning Network routing?





42. : Which blockchains other than Bitcoin have experimented with Lightning-like tech?





43. : Lightning payments are denominated in ____.





44. : Which ensures trustless interaction in Lightning channels?





45. : The Lightning Network is often compared to ____.





46. : Which company is behind the LND Lightning implementation?





47. : Lightning Network capacity refers to ____.





48. : Which of these is a drawback for Lightning users?





49. : Which payment type is ideal for the Lightning Network?





50. : The Lightning Network enhances Bitcoin by ____.





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