Mark Mason
Well-known member
How Does the Lightning Network Stack Up Against Its Biggest Competitors?
Bitcoin has longtime and well-known scaling problems, with fees last year spiking to over $30 on average for a transaction and confirmations taking hours, sometimes days. The transaction load of the network topped out at around 400,000 per day, capped by the one megabyte block size. In order to scale past that level without increasing the block size, Bitcoin has looked to a new technology called the Lightning Network to scale the network off-chain past the limitations of purely on-chain capacity. Here we examine Lightning, and compare it to other payment-focused cryptocurrencies taking the on-chain scaling approach.
Read more: https://www.dashforcenews.com/how-d...ork-stack-up-against-its-biggest-competitors/
Bitcoin has longtime and well-known scaling problems, with fees last year spiking to over $30 on average for a transaction and confirmations taking hours, sometimes days. The transaction load of the network topped out at around 400,000 per day, capped by the one megabyte block size. In order to scale past that level without increasing the block size, Bitcoin has looked to a new technology called the Lightning Network to scale the network off-chain past the limitations of purely on-chain capacity. Here we examine Lightning, and compare it to other payment-focused cryptocurrencies taking the on-chain scaling approach.
Read more: https://www.dashforcenews.com/how-d...ork-stack-up-against-its-biggest-competitors/