What do I mean promptly? It is known that today the cryptocurrency has a bottleneck in the race for progress, based on its ability to process transactions per second. But by adapting to your needs, you can get by.
At present, up to 6 or 7 transactions per second can be generated, which is a high barrier to be able to take the step and be a currency that can be used by everyone for daily life.
However, this is what I meant by “Nothing seems to be that serious”, Bitcoin developments are characterized by their constancy and sustainability over time. And that’s what, plus the agility with which it progresses, it always ends up being up to the needs.
Without agility there is no present
Since its appearance, Bitcoin always knew how to find a way to solve the problems that arose, and that is why the Lightning Network.
What is the Lightning Network?
This is a protocol that was created to improve the scalability of Bitcoin. This is done thanks to working as a second layer on top of Bitcoin. One that allows this cryptocurrency to do things that it normally couldn’t. Lightning is capable of handling 5-10 transactions per second, but has the potential to process hundreds of thousands of transactions per second.
This protocol is the one that will give the currency the ability to carry out instant transactions with very low commissions. Yes, issue solved quickly.
The development of this protocol began with the work of Joseph Poon y Thaddeus Dryja. Currently there are companies like Blockstream, Lightning Labs y ACINQ who are behind it in order to push it further.
The advantages that the implementation of this protocol will clearly bring in the present / future will be to consolidate Bitcoin even more in the competition to win market to the traditional products already known.
I believe that it is a great present that we have to inhabit. We are making history.
Paxful Ambassador in Argentina.
Source From: Ambito
