Re:Bitcoin Futures Could Open the Floodgates for Institution...
by once_inc on Wednesday November 01, 2017 @12:17PM
(#15602725)
Bitcoin doesn't easily scale in its current form. For that, people have invented the Lightning Network (https://lightning.network). LN is a layer 2 solution which sacrifices a modicum of trustlessness in favor of fewer on-chain transactions. Suppose you want to buy a cup of coffee every day with the same vendor. You could agree to do all transactions in the Lightning Network, reducing the number of on-chain transactions from 30 to 2. This cuts fees and increases usability.
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