Re:Bitcoin is as costly to environment as beef production
by taolegal on Thursday September 29, 2022 @08:50PM
(#33029424)
The point is that BTC network is for secure & decentralized final settlement. That's really the most important aspect of a sound money.
For daily transactions Lightning bundles those transactions (as long as the channel exists) into a live tally based in a single BTC transaction. The beauty is that the Lightning protocol even uses the BTC protocol to coordinate that live tally over a channel, without having to commit it to the blockchain at every update. You don't lose security much, in fact you actually end up gaining privacy.
For daily transactions Lightning bundles those transactions (as long as the channel exists) into a live tally based in a single BTC transaction. The beauty is that the Lightning protocol even uses the BTC protocol to coordinate that live tally over a channel, without having to commit it to the blockchain at every update. You don't lose security much, in fact you actually end up gaining privacy.