Bitcoin Forum
May 23, 2019, 10:17:17 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
   Home   Help Search Login Register More  
Pages: [1]
Author Topic: [2017-12-22] Lightning network to bypass bitcoin blockchain highway  (Read 20 times)
Full Member
Offline Offline

Activity: 210
Merit: 101

View Profile WWW
December 23, 2017, 01:49:14 PM

Is Bitcoin a precious store of value to be “hedl” until the price goes up, or can consumers spend the cryptocurrency on everyday purchases? Currently, it’s the first option — it makes more sense now to horde the cryptocurrency. Transaction fees and long processing times make spending the digital gold cumbersome — and expensive. Spending high fees to process a BTC transaction for small purchases is simply not realistic. The Lightning Network has a solution, at least in theory.

However, innovation in blockchain technology may speed up the process and allow consumers to use the cryptocurrency. The Lightning Network aims to fix Bitcoin’s shortcomings. Earlier this month, developers successfully sent the first transaction over the network, paving the way for a faster, more efficient payment system.


Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!