Lightning Can Scale Bitcoin, But Are Costs a Barrier?

in bitcoin •  7 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

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!