Voltage co-founder Aaron Bollinger emphasized the transformative potential of Bitcoin's Lightning Network for everyday transactions, highlighting its ability to facilitate near-instant, low-cost payments. Bollinger noted that while traditional Bitcoin transactions can take up to 35 minutes with a $2 fee, the Lightning Network allows for transactions, such as buying coffee, to be completed in just two seconds with almost no fees.
Bollinger's company provides cloud-based infrastructure for the Lightning Network, likening it to 'AWS for Bitcoin payments.' He also revealed that Jack Dorsey's Block plans to integrate Lightning payments across all Square point-of-sale systems by December 31, a move that could significantly enhance Bitcoin's practicality for daily use. Bollinger underscored the importance of Bitcoin's decentralization and the role of second-layer solutions like Lightning in enabling fast transactions without altering the original blockchain.
Voltage Co-founder Highlights Bitcoin Lightning Network's Role in Everyday Transactions
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
