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# System prepended metadata

title: Bitcoin / Networks

---

# Bitcoin / Networks

### Bitcoin Onchain

Bank, SWIFT, SEPA

* Bitcoin is a blockchain ... what is a blockchain? -- Link to getting started
* 10min transactions processing.
* Settlement network.
* Is not reversable.
* Final source of truth.
* Capacity
    * 7 transaction per second
* Censorship Resistant
    * Bank Blocked the account for a couple of non-proits or groups
    * Prominant protestors accounts blocked
    * https://www.coindesk.com/nigerian-activists-bitcoin-endsars-police-brutality

Funding blocked

Validation

## Bitcoin Lightning Payments

Visa, Venmo, Abeg, Mobile Money, Go Pay, Ali Pay, Wichat Pay, Mastercard.

- Does not have final settlement but can facilitate instant payments.
- Is not necessary for all kinds of payments.
- Possible to be reversed?
    - Losing state
- Simmilar to a visa card network , or venmo, abeg
- https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef


## How to decide which network to make a payment on?