Lightning Network Could Strike Sooner Than Expected

By July 23, 2015Bitcoin Business

Thanks to some proposed tweaks, we could be seeing the Lightning Network a lot sooner than expected. Bitcoin scalability is a hot topic—one manifestation being the blocksize debate —and Bitcoin engineers are working on fixes. In its current form, Bitcoin supports 7 transactions per second, while Visa supports roughly 45,000 per second.

The Lightning Network , co-authored by Joseph Poon and Thaddeus Dryja, proposes a system that supports instant transactions and greatly boosts the number […]

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