Exploring Bitcoin’s Lightning Network

Keeping Up With the DAO Joneses

This episode is sponsored by Nexo.io, KuCoin and DeFiHorse.

The Lightning Network is arguably essentially the most anticipated scaling answer for Bitcoin to this point. Why isn’t everybody utilizing it?

“Speaking of Bitcoin” hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy are joined by Rene Pickhardt, Bitcoin and Lightning Network Developer. The 4 lead a dialog on the nonetheless in growth but quickly rising Lightning Network. It’s a second-layer community that allows quick, safe, personal and cheap funds that don’t make sense to retailer on bitcoin’s base layer. But whereas which may sound ultimate, it’s not easy in follow. A scrappy neighborhood of firms and builders have been pushing the tech constantly ahead because the variety of exhausting issues nonetheless to unravel ticks down.

Even as early as we’re, Lightning has confirmed to be a radical enchancment on the consumer expertise of bitcoin. On the bitcoin community, charges range however sometimes vary from $1–5 and full with affirmation in a median of ten minutes. With Lightning, charges and transaction instances drop dramatically: the transaction charges are usually 1/one centesimal or 1/tenth of a penny and take simply seconds.

If the enhancements of Lightning are clear, why isn’t everybody utilizing it at the moment? Listen to listen to extra in regards to the challenges and options coming to this rapidly-evolving facet of bitcoin.

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Album artwork created utilizing AI by Adam Levine/Pixelmind.ai

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