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Bitcoin’s revolutionary Lightning Network has seen two major rollout initiatives begin in the last month, with new access for both the Southeast Asian region and Coinbase worldwide; nevertheless, it faces increased criticism that the entire protocol is fundamentally flawed.
The Lightning Network is a Layer-2 protocol being developed on Bitcoin’s blockchain with the ambitious aim of trying to solve Bitcoin’s scalability problem. Since the theory behind this protocol was first developed in 2016, it has seen major attention from the entire industry as a revolutionary new potential future. Essentially, Lightning seeks to further embrace the decentralized nature of Bitcoin by relying on a mesh network o
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