At this point I think Bitcoin is one of the few cryptos with staying power. By using lightning, you can make transactions smaller and cheaper, but it isn't quite as secure, so not the best for large transactions or a store of value. Lightning is being used on platforms like Nostr (distributed social media) and Fountain (audio podcast app) to give small amounts (even less than a penny) to content providers. It works great and is built upon Bitcoin.
Thanks AL,
I appreciate your breadth of interests. 👍🏻
At this point I think Bitcoin is one of the few cryptos with staying power. By using lightning, you can make transactions smaller and cheaper, but it isn't quite as secure, so not the best for large transactions or a store of value. Lightning is being used on platforms like Nostr (distributed social media) and Fountain (audio podcast app) to give small amounts (even less than a penny) to content providers. It works great and is built upon Bitcoin.
Good info! I wasn't familiar with lightning. It's hard for us old guys to keep up.
Great summary - thanks, Al!