Lorenzo
Wed Jul 03 2024
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6 answers
1429
Is the Lightning Network a good way to scale bitcoin?
Could you elaborate on whether the Lightning Network truly represents a viable solution for scaling Bitcoin? Given the current limitations of Bitcoin's blockchain in terms of transaction throughput, is the Lightning Network truly a reliable approach for facilitating faster, more cost-efficient transactions while still maintaining the CORE values of Bitcoin's decentralization and security? What are the potential challenges and risks associated with relying heavily on such a second-layer solution? And how does it compare to other proposed scaling solutions, such as increasing the block size or implementing sharding?
