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RE: Hi, I'm Kyle. I've been a full-time Bitcoin writer for the past 2+ years. Now I'm trying out Steemit!
Payment channels enable what are essentially instant confirmations. The Lightning Network is a generalized network of payment channels that means anyone can transact with anyone else with instant confirmations. Fees are also basically zero (and could be negative in some cases). I suggest reading about the Lightning Network, which is being built on top of Bitcoin.
Thats nice, but this network is here now and working. Plus the more uou put on top of BTC, the mor complex it becomes. Its already hard to make improvements on it now.
Yay, stuff that plugs into bitcoin and more points of potential failure, rather than built in...? Wait What?