Lightning Can Scale Bitcoin, But Are Costs a Barrier?

in #bitcoin • 6 years ago

It's possible bitcoin's Lightning Network will fall short of its lofty ambition – at least, that's what a group of researchers are arguing.

Often trumpeted as the future of bitcoin, Lightning's particular twist on payments channels has served as one of the foundational ideas for scaling all public blockchains.

By proposing to push transactions off of the bitcoin blockchain, but keeping strong cryptographic guarantees intact, it's believed by many developers to be the best way to increase the number of transactions the network can handle.

All credit belongs to: https://www.coindesk.com/will-bitcoins-lightning-network-used/

sharing please upvote and comment

#steemit
6 years ago in #bitcoin by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.28
    TRX 0.11
    JST 0.034
    BTC 66077.75
    ETH 3167.77
    USDT 1.00
    SBD 4.01