2022-11-24 15:30:00

Data Shows That Bitcoins Lightning Network Has Solved The Scalability Problem

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Nasdaq
By Bitcoin Magazine

A data-driven exploration proving that Lightning scales bitcoin payments beyond Visa and that second-layer innovation is the way.

This is an opinion editorial by Stanislav Kozlovski, a software engineer and macroeconomic researcher.

Many Bitcoiners have heard of Bitcoins lack of scalability it is one of the most common critiques waged against the project by both gluttonous cryptocurrency competitors and incumbent establishment actors.

Some oldtimers may remember the heated, bathed-in-controversy Blocksize Wars of 2015 to 2017 which, aided by industry insiders, most shallowly aimed to make Bitcoin scale to more transactions by increasing the maximum block size and by doing so, almost set precedent and changed Bitcoins future course forever.

Both of these issues will ultimately prove to be left on the wrong side of history. In this piece, we are going to show how the Lightning Network addresses Bitcoins scalability problems and undoubtedly proves that the small-block decision was ultimately the right one.

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