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A comment on El Salvador’s new Bitcoin wallets could cost Western Union $400M a year. Parent comment

Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by PragmaticPulp on Thursday September 09, 2021 @10:51AM (#28470339)
As long as the L2 transactions still require the operation of the main BTC blockchain, someone is paying the costs of maintaining the L1 block chain.

It’s misdirection, but the costs of maintaining the Bitcoin blockchain haven’t gone anywhere.

[ Parent | on HN ]
Re:El Salvador’s new Bitcoin wallets could cost Western Unio... by sunshinerag on Thursday September 09, 2021 @11:20AM (#28470654)
No one said the cost is zero. But L2 solution multiplies the number of transactions done by a significant done. So the cost per transaction is staggeringly low.
[ Parent | on HN ]