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Bitcoin has a system built on top of it called Lightning, which allows for millions of cheap transactions per second inside of payment channels. Only the openin
by tenuousemphasis 5y ago
Bitcoin has a system built on top of it called Lightning, which allows for millions of cheap transactions per second inside of payment channels. Only the opening and closing of channels requires a transaction on the blockchain.
- colesantiago 5y agoLightning isn't really using Bitcoin is it? The strike app (which uses Lightning) is not available worldwide which really doesn't give the image that Bitcoin lightning is decentralised at all.
- tenuousemphasis 5y agoIt is, all Lightning transactions are valid Bitcoin transactions. Strike merely uses the Lightning network, similar to how Coinbase uses the Bitcoin network. Coinbase and Strike aren't available everywhere, but Bitcoin and Lightning is.
- aspenmayer 5y agoAnyone can run their own Bitcoin and/or Lightning node. Both Bitcoin and Lightning Network are totally decentralized.