Scaling Bitcoin: How the Lightning Network Improves Bitcoin

Written by ImTiaan | Published 2019/11/21
Tech Story Tags: bitcoin | lightning-network | bitcoin-spotlight | bitcoin-scalability | faster-bitcoin-transactions | hackernoon-top-story | bitcoin-transaction | scaling-bitcoin

TLDR Bitcoin's scalability is still a problem 10 years after it was published by Satoshi Nakamoto. Scalability is the ability of a product or network to be able to grow with demand. Lightning network is a way for you to send funds to someone to pay for smaller items - like the gum you wanted to buy for someone to buy earlier than Bitcoin. Bitcoin is far more efficient than the current banking system in terms of settling large, international payments. Venmo or the Cash App is instant, and more importantly, instantly spendable.via the TL;DR App
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Published by HackerNoon on 2019/11/21
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