In this respect, The Lightning Network, which aims to improve bitcoin’s scalability by boosting speed and lowering costs, could be promising, Laboure wrote. Lightning Network claims it can process 25 million transactions per second at a cost of four cents per transaction, implying that it is a thousand times faster than Visa at processing payments, with lower fees, Deutsche wrote. But Visa and Mastercard currently post transaction volumes that dwarf those of the Lightning Network.
Related posts
-
This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here’s Why
Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and... -
Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders... -
Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
The cryptocurrency market has been on a hot streak in the past few days, with several...