0.13.1 And Lightning Network

Lastly, the Lightning Network (LN) is a fix for both transaction costs and speeds. Lightening Network is neither a hard fork or soft fork but “ an additional layer .” It is a fix that allows for instant low cost transactions for Bitcoin and other coins like litecoin using a bunch of tricks (it has also been embraced by Ethereum under the name Plasma).

This is specially true for all of you who can’t afford to lock in $50 or $100+ right now, but just know that even if you commit $20 and run a Lightning node, in 2 years you may as well have a channel worth $200+ based on Bitcoin’s increasing value and thus your little channel would also be very helpful to all those people in smol countries who can transact a lot of business via even $200.

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13. Payment Channels and Lightning NetworkThis is specially true for all of you who can’t afford to lock in $50 or $100+ right now, but just know that even if you commit $20 and run a Lightning node, in 2 years you may as well have a channel worth $200+ based on Bitcoin’s increasing value and thus your little channel would also be very helpful to all those people in smol countries who can transact a lot of business via even $200.

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