Coinmonks
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Coinmonks

Lightning: The Upgrade That Bitcoin Needs

With a market capitalization of almost 1100 billion US dollars, Bitcoin is still the world’s largest cryptocurrency. In the well-known blockchain network, miners take over the processing of blocks and thus also of the transactions carried out according to the “proof of work” concept.
However, it is not free of problems: long transaction times and high costs cause problems for users.

Lightning-fast — Photo by Leon Contreras on Unsplash, edited by the author

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Maximilian Perkmann

Maximilian Perkmann

Blogger, Product Manager, tech and financial enthusiast. Minimalist and climber 🚀