Offline Bitcoin Payments? New Fix Sparks Debate

The Bitcoin community was once again in the spotlight with a recent discussion that highlighted a significant issue with the Lightning Network, the L-2 protocol designed to speed up BTC transactions. James Loop, a leading blockchain security expert, pointed out significant operational challenges. According to Loop, LN requires users to be online to receive payments, which limits when and how users can receive Bitcoin, complicating its use.

Therefore, efforts have been made to develop asynchronous payment protocols that aim to eliminate the need to be online to process transactions. Loop claimed that this development could enable offline transaction capabilities and expand the usability of the Lightning Network.

Bitcoin

However, Blockchair developer Nikita Zaboronkov criticized the proposed solution.Zavoronkov claim By trying to solve one of the network’s limitations, developers inadvertently stray from Bitcoin’s core vision as a decentralized peer-to-peer electronic cash system. He said the proposal could open the door to administrators on the Lightning Network, which would mean more third parties joining a system designed to work without administrators. suggests that it is possible.

Citing Bitcoin’s original white paper, Zaboronkov said, “This is not a pure peer-to-peer version of electronic money that can be transferred directly without going through a financial institution,” highlighting concerns about Lightning’s evolving architecture. did. Communication network.

Bitcoin Minerx wins jackpot

The debate highlights growing tensions within the Bitcoin community over the balance between technological innovation and staying true to the cryptocurrency’s fundamental principles. Developers are looking to increase functionality and scalability through networks like Lightning, but some purists say these enhancements could undermine the decentralized spirit that is at the heart of Bitcoin. I keep insisting.

Meanwhile, Bitcoin mining operations have generated significant capital gains. According to Glassnode data, on April 20th, BTC miners had earned a total of $106.7 million. This increase in revenue is primarily due to the recent minting process, which concentrated on runes and had a significant impact on network dynamics.

As mentioned in a recent article on Wu Blockchain X, 75.444% of these revenues come from network transaction fees. This percentage sets a new record and shows a significant change in revenue distribution among BTC miners.

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