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Exploring Bitcoin’s Lightning Network

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

The Lightning Network is arguably probably the most anticipated scaling resolution for Bitcoin thus far. 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 permits quick, safe, personal and cheap funds that don’t make sense to retailer on bitcoin’s base layer. But whereas that may sound perfect, it’s not easy in apply. A scrappy neighborhood of corporations and builders have been pushing the tech persistently ahead because the variety of laborious issues nonetheless to unravel ticks down.

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

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

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

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