News Bitcoin - How the Hyped Lumino Whitepaper Details Protocol for Scaling BitcoinSimilar to a new envisioning of the Lightning Network, Lumino is a new type of off-chain payment channel network that plans to use compressed transactional data in Bitcoin’s blocks. Lerner describes Lumino as a new and important part of RSK‘s main platform, which is still primarily a decentralized Bitcoin sidechain, capable of an even larger amount How the Hyped Lumino Whitepaper Details Protocol for Scaling Bitcoinof bitcoin transactions per second than Lumino alone.
The paper introduces a new protocol, the LTCP, which “forms the transaction layer to the Lumino network”, Lerner explains. Its purpose is to create far smaller bitcoin transactions, so as many as 100 can be processed by the network every second, which is an improvement of between 6 to 33 times today’s transaction limits.
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