2
Bitcoin has long served a simple purpose: storing and transferring value. The blockchain’s inherent limitations in scalability and programmability prevented use cases like high-frequency payments and smart contracts.
Launched in 2018, the layer-2 solution Lightning Network introduced noticeable improvements in scalability. It takes some of the burden offchain by creating side channels between the sender and receiver.
The model settles transactions faster, with lower fees. Rendering Bitcoin feasible for…
