Deaton criticizes the Lightning Network in favor of 'Spend The Bits' on XRPL.
, deeming it less effective than the “Spend The Bits” protocol on the XRP Ledger . Lightning is a layer-2 scaling solution for Bitcoin. It is designed to improve the scalability and efficiency of Bitcoin (his choice on Saturday, Oct. 21, through a tweet, revealing his role as an angel investor in 'Spend the Bits' and his recent appointment as its chief legal officer.
It's worth noting that this isn't Deaton's initial endorsement of 'Spend The Bits' as a viable alternative to the well-known Lightning Network on the Bitcoin blockchain. In the previous month, the Ripple-supporting attorney commended the protocol, characterizing it as a more secure method for using your Bitcoin in comparison to the Lightning network."as an angel investor and serve as its Chief Legal Officer. Therefore, please accept my comments with that in mind.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Massive XRP Chunks Moved to Top Exchanges as XRP Price JumpsAstounding number of XRP tokens on move to crypto exchanges after price jumped 8.7%
Les mer »
XRP Witnesses Superior Whale Activity Worth 29.2 Billion XRP as Price SurgesXRP defies altcoin gloom with $0.53 leap, thanks to big smart money moves
Les mer »
Bitcoin core developer steps back from Lightning Network over 'hard dilemma'Antoine Riard, a security researcher and developer, has decided to step down from the Lightning Network development team.
Les mer »
XRP Case: Here's What's Next as Ripple Secures Another WinDespite another favorable ruling, Ripple still faces this unresolved issues in XRP case
Les mer »
Ripple Victory in SEC Lawsuit: 4 Tailwinds and 3 Headwinds for XRP priceCrypto Blog
Les mer »
XRP Price to Cap First Winning Week Since September: DetailsXRP heads for best weekly close since July
Les mer »