First We Had Lightning Now Liquid ?
While lightning network has helped removed some of the congestion that happened on bitcoin its taken a very long time for it to be adopted and to start processing larger transactions.
Now that by no means diminishes the value of lighting network its innovations such as this that help crypto survive and I believe when such good things come we should support and use them.
With that being said a new network is coming to town called "Liquid"
Liquid network is a good step towards new network systems called side chains. They are chains that run parallel to bitcoin which allow for faster transactions at lower fees and only hit the main bitcoin block chain once in a a while instead of every transaction.
The goal of this side chain is to make it as easy to use as possible and in as many places as possible so it just becomes second nature when moving funds or buying products. The transactions should be near instant which is the biggest point of cryptocurrency since band transfers take days moving funds on the chain is far far faster and the wave of the future.
Keep your eyes out of the liquid network!
Great concept when the network is congested but it has been pretty empty lately which doesn’t really incentivize the use of these sidechains or other scaling solutions. Developers should first focus on more front end user interfaces to drive adoption then work on scaling.
Agreed what really needs to happen is more systems need to start using the bitcoin network and people need to start using it as well. I feel like everyones buying and hodling
Now is to see in action the adoption rate!
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