Is the Lightning Network the cure of all problems?steemCreated with Sketch.

in #bitcoin6 years ago (edited)

It's fact that the Bitcoin Network has a big problem: The crypto community sees Bitcoin as the first generation of blockchain technology. Payments are slow and the fees are exorbitant high, spending Bitcoins for micro transactions like buying a coffee or a pizza is nearly impossible at the moment.

But what does Lightning Network change? It's first of all the first step into Blockchain 2.0 for Bitcoin and a needed change to not loose ground against all those AltCoins out there which are, from a technical aspect, way more innovative than Bitcoin.

The Lightning Network brings the first implementation of some kind of SmartContracts, known from Ethereum and other Coins. It also speeds up transactions and lowers fees for those.

In my oppinion the Lightning Network will also stop the current price drop drastically! It's just a matter of time ...

The more important it is to start the Lightning Network as soon as possible!

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