The blockchain’s increasing size continues to raise concerns about its ability to accommodate transaction growth.
But, could a decentralised system where transactions are sent over a network of off-blockchain micropayment channels solve the ledger’s scalability problems?
Joseph Poon and Thaddeus Dryja, the developers behind the Bitcoin Lightning Network, think so.Although still in its nascent stage, the Lightning Network – based on a recent white paper – aims to solve the scalability issue by implementing hashed timelock […]
