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

March 24, 2018 00:15:17
Episode Cover

CryptoQuikRead_032 - Bitcoin Could Revolutionize Property Rights

Could Bitcoin be a new and revolutionary tool in the quest for individuals to secure their property rights from both thieves and authoritative regimes...

Listen

Episode

December 19, 2019 00:37:21
Episode Cover

CryptoQuikRead_332 - Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]

Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a...

Listen

Episode

December 10, 2019 02:17:03
Episode Cover

CryptoChat_028 - Horny for Justice at the Raleigh Meetup

Is Bitcoin really a religion? Is all money some form of religious institution? What happened to Virgil Griffith? Are juries the best or worst...

Listen