For over a decade, Bitcoin has promised to be a peer-to-peer electronic cash system. Yet, its adoption for everyday, non-custodial payments remains a distant goal. The vision of self-sovereign finance, central to Satoshi Nakamoto’s original belief, has been hampered by practical realities.
Bitcoin’s main layer is too slow and expensive for a cup of coffee. A regular customer or an ordinary merchant cannot afford to use it for daily payments. Moreover, its most prominent scaling solution, the Lightning Network, has introduced its own set of debilitating problems.
Lightning’s reliance on payment channels has led to a fragmented system where liquidity is siloed. Users face routing failures in as many as 10-20% of payment attempts. Besides, both users and merchants must manage the complexity of channel liquidity and online uptime. These are not the ingredients for a reliable global payment system.
ByteStream’s Permanent Solution
ByteStream, a new Bitcoin-native payme
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