| submitted by /u/btcae
Bitcoin's transaction fees and confirmation times are a result of a large user base and heavy usage.
Blockchain technology itself isn't good for scaling, with enough traffic, it will eventually get clogged up regardless of the coin.
This is why LN is needed, it's layer on top of blockchain that enables instant transactions, low fees and ultimately result in less traffic.
So when you see people shilling other coins on the speed, remember they don't have the userbase or traffic that Bitcoin currently has. Once Bitcoin utilizes Lightning Network, other coins lose their competitive advantage while Bitcoin will still have the largest userbase in crypto.
Bitcoin in it's current state is a store of value with massive adoption, Lightning Network will evolve bitcoin to being a currency.
The post UAE’s RAK Bank Taps Ripple for Instant Blockchain Payments to India appeared first on CryptoCoinsNews.
Lightning Labs has announced it has come up with a new way to facilitate Lightning cross-chain atomic swaps between Bitcoin and Litecoin.
Google Alert – bitcoin