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Comparing Visa transactions to Bitcoin transactions is definitely comparing apples to oranges. A Bitcoin transaction on the blockchain is layer 1. A visa trans
by rax0m 7y ago
Comparing Visa transactions to Bitcoin transactions is definitely comparing apples to oranges.
A Bitcoin transaction on the blockchain is layer 1. A visa transaction is layer 3 or 4?
Lightning network is layer 2 and you could have >700,000 transactions in a lightning channel before settling on chain, so there you go Bitcoin layer 2 is more energy efficient than the common financial system layer 4.