The Importance of a Second-Layer Network on Bitcoin’s Blockchain

in #bitcoin8 years ago

Nick Szabo, prominent blockchain, cryptocurrency, and smart contracts pioneer, recently emphasized the necessity and importance of a peripheral or second-layer network on top of the bitcoin blockchain to settle smaller transactions in a more efficient and secure manner.

Previously, Altcoin Today reported that Microsoft head of decentralized identity Daniel Buchner criticized Bitmain for their vision and viewpoint on two-layer solutions such as Lightning. In an official blog post entitled “UAHF: A contingency plan against UASF (BIP148),” Bitmain released a controversial statement in regards to the development and implementation of Lightning.

Read more here: http://www.altcointoday.com/second-layer-network-on-bitcoins-blockchain/