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

June 19, 2024 03:14:54
Episode Cover

Chat_101 - The Bitcoin Civil War is Over! with Guy Swann [Anarchast]

"The most powerful thing that Bitcoin did was establish a monetary foundation, a monetary policy that was not alterable through a shallow, short term...

Listen

Episode

August 24, 2018 00:24:21
Episode Cover

CryptoQuikRead_138 - Traditional Bitcoin Mixers

"Thinking about it, isn’t it ironic that, over the past years I wrote about every Bitcoin privacy technique in existence, except the one that...

Listen

Episode

April 03, 2019 00:43:58
Episode Cover

CryptoChat_010 - Guy & the PayPod on How Bitcoin Will Change the World

Today we have another great chat with Scott from The PayPod discussing the impact and philosophy of Bitcoin!  Check out Soarpay.com, the sponsor for...

Listen