Bitcoin Lighting network are known for its micro-payments, and yet people have little understanding of how powerful this can be. I am going to break down piece by piece in a human readable language to explain the overall process. let's say we have a Bob and Alice want to do a payment transaction with each other, they need to "open a conversation line" (payment channel). They each put 5 dollars into a shared "lockbox" (multisig address) to start a channel that allows two-way messages. To ...