4 ms·
El salvador payment system is built on the lighting network. A layer 2 scaling solution for bitcoin (up to 25 million transactions per second) https://en.m.wik
by dmarcos 5y ago
El salvador payment system is built on the lighting network. A layer 2 scaling solution for bitcoin (up to 25 million transactions per second)
https://en.m.wikipedia.org/wiki/Lightning_Network https://en.m.wikipedia.org/wiki/Lightning_Network
edit: typos
- NicoJuicy 5y ago0 currently. https://twitter.com/nayibbukele/status/1435197879795212291?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1435197879795212291%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.newsweek.com%2Fchivo-wallet-disabled-people-el-salvador-rush-use-bitcoin-1626652 https://twitter.com/nayibbukele/status/1435197879795212291?r... Also. Lightning network can give unreliable transaction costs ( eg. When sending to an unknown wallet) It's weird that everyone is supporting an off chain solution. It kinda defeats the purpose of Bitcoin in general.
- thesmok 5y agoIt depends on what you think the purpose of Bitcoin is. In my mind Bitcoin is digital gold. It's not really convenient to pay for McDo in gold, so I would hold my gold in a bank and pay with fractions of my gold certificates. If I want, I can go to the bank and exchange my certificates for the actual bullions.
- NicoJuicy 5y agoI look at it as the first implementation of the Blockchain. While Blockchain can be valuable, Bitcoin is not. Note : i did hold btc until late 2017.