Read_836 - Lightning is the Common Language of Bitcoin

August 06, 2024 00:40:32
Read_836 - Lightning is the Common Language of Bitcoin
Bitcoin Audible
Read_836 - Lightning is the Common Language of Bitcoin

Aug 06 2024 | 00:40:32

/

Hosted By

Guy Swann

Show Notes

"Lightning has already achieved a critical mass. It’s already obvious how a Cashu subnetwork and Fedimint subnetworks will communicate with each other: Lightning. That’s how they were designed, so switching the common language between networks would require rebuilding most of their parts. Like English, whatever language subnetworks use internally, Lightning is the language they use to speak to each other, and it’s already locked in." ~ Roy Sheinfeld

Lightning is emerging as the common protocol, or language, for the entire ecosystem of Bitcoin subnets and payment technologies. Will this standardization accelerate innovation and adoption in the Bitcoin ecosystem? What implications does this have for the future of Bitcoin infrastructure and its competition with traditional financial systems?

Check out the original article at Lightning Is the Common Language of the Bitcoin Economy by Roy Sheinfeld (Link: https://tinyurl.com/4689txvy)


Links to check out 

Guest Links

Host Links

Check out our awesome sponsors!

Other Episodes

Episode

July 12, 2018 00:25:23
Episode Cover

CryptoQuikRead_110 - Adversaries, Distributed Ledgers, and Decentralization [Sarah Jamie Lewis]

“Given an adversarial environment I don’t believe you can maintain secure decentralized consensus AND have timely confirmation between arbitrary parties AND scale up to...

Listen

Episode

August 15, 2019 00:58:24
Episode Cover

CryptoQuikRead_284 - Bitcoin is the Antivirus [Brandon Quittem]

Our monetary system has confiscated trillions in resources and value by corrupting the very incentives that keep our economy healthy and resilient… in that...

Listen

Episode

October 11, 2024 01:10:24
Episode Cover

Chat_115 - FEMA, Fiat, & The Cancer of Government - RANDOM RANT [THE Bitcoin Podcast]

In this episode originally on THE Bitcoin Podcast, I had an intense and unfiltered conversation with Walker, where we dove into some hard truths...

Listen