How Bitcoin (BTC) Was Sabotaged | Lightning Network Explained

Credit: Don Wonton for the great Lightning Network Breakdown.
Check out more of his work: https://www.youtube.com/channel/UCMpAklXQxme_wZi3sdHdHVQ

Why was the Lightning Network Developed? How does it work? What is Bitcoin's history and why have the fees risen so dramatically?

One of the goals that Satoshi Nakamoto the person, or persons, who wrote the code for Bitcoin back in 2009 wanted was for everyday use of bitcoin. This means that regular people, who are not necessarily coders, or even very tech savvy, would be able to use bitcoin to purchase small everyday items.

This explainer video shows you how certain 'entities' have strangled the bitcoin network and block size limit at 1mb. Creating a need for the bitcoin lightning network and off-chain solutions. The lightning network has been in development for a long time now and has some pretty restrictive qualities and flaws. This video goes through the bitcoin history and why and how the 'original' bitcoin BTC

We'd love to hear your thoughts - post your comment below.

What is bitcoin?
--
Bitcoin is one of the most transformative technologies since the invention of the Internet. Bitcoin.com stands firmly in support of financial freedom and the liberty that Bitcoin provides globally for anyone to voluntarily participate in a permissionless and decentralized network which empowers people to not be marginalized by governments and financial institutions. Bitcoin is freedom.

Who are we?
--
Bitcoin.com is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news or engage with the community on our Bitcoin forum. We also provide helpful tools and real-time market price and chart information, as well as Bitcoin mining and Bitcoin events information.

--
Subscribe Now For More Content:
https://www.youtube.com/channel/UCetxkZolEBHX47BqtZktbkg?sub_confirmation=1


Follow Bitcoin.com Here:

Instagram: https://instagram.com/newsbitcoincom/
Facebook: https://www.facebook.com/buy.bitcoin.news/
Website: http://bitcoin.com
Twitter: https://twitter.com/BTCTN
Podcast: https://podcast.bitcoin.com/
MERCH: https://store.bitcoin.com/

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article