Lightning Service Provider (LSP)

An entity that facilitates liquidity and network services on the Lightning Network for users and businesses.

Lightning-as-a-Service (LaaS)

A specialized service model where third-party providers offer infrastructure and solutions related to Bitcoin's Lightning Network to businesses and developers.

Liquid Network (LQ)

A federated layer-2 solution built on top of Bitcoin, designed to function as Bitcoin's financial layer. One of its key features is the ability to issue digital securities and other assets, such as stablecoins or utility tokens.

Lightning Network (LN)

A decentralized layer-2 protocol built on top of Bitcoin that uses a peer-to-peer network of payment channels to enable cheaper, faster, and more scalable transactions.

Lightning implementation

A software program capable of operating a Lightning node and engaging with the Lightning Network on the backend.

Lightning Specification

A collection of the Bitcoin community’s efforts to specify and consolidate the technical standards around the Lightning Network, intending to reach feature compatibility and interoperability across implementations.