Network
Bitcoin
Bitcoin as the settlement layer underneath Phoenix Wallet.
Bitcoin is the base monetary network. Transactions are grouped into blocks, mined roughly every ten minutes, and confirmed by the blocks that follow.
Why Phoenix settles on Bitcoin
Every Lightning channel is anchored by Bitcoin transactions, so Lightning inherits Bitcoin's settlement guarantees. Phoenix holds bitcoin (BTC) and nothing else.
Live Bitcoin market data and Lightning Network statistics are shown on the Bitcoin & Lightning page, sourced from public providers and clearly attributed.