We often hear that Bitcoin is a threat to America and is a threat to our values. To reduce the threat from mining pools, some existing cryptocurrencies, such as Litecoin, use puzzles that call more on computer memory than on processing power - a shift that tends to make it more costly to build the kind of specialized computers that the pools favour. Bitcoin Mining is a necessary process that drives the Bitcoin Network. In this piece, we are going to show how the Lightning Network addresses Bitcoin’s scalability problems and undoubtedly proves that the small-block decision was ultimately the right one. Before we understand what the Lightning Network is solving, we should first understand https://youtu.be/OkXIpokVaxs what the inherent problem is.
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