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

December 07, 2021 00:47:49
Episode Cover

Read_583 - Libertarianism & the Bitcoin Strategy [Stephan Livera]

"Even if we could somehow convince the world or the U.S. government to adopt a gold standard, there’s not really anything stopping them from...

Listen

Episode

February 16, 2021 02:01:17
Episode Cover

Read_495 - An Economic Analysis of Ethereum [Lyn Alden]

“The annual issuance rate with all those annotations kind of looks like it was drawn by a Bitcoiner making fun of Ethereum, but instead...

Listen

Episode

April 12, 2018 00:25:19
Episode Cover

CryptoQuikRead_048 - Understanding The Lightning Network Part 2

Diving deeper down the Lightning rabbit hole with Part 2!  How do we turn payment channels into a secure and trustless network?  Listen to...

Listen