4min chapter

Swan Signal Live - A Bitcoin Show cover image

Lyn Alden: Bitcoin's Energy Usage Isn't a Problem. Here's Why.

Swan Signal Live - A Bitcoin Show

CHAPTER

The Impervious API: The Future of the Internet of Things

There is a rise in third-layer applications, such as SphinxChat and impervious technologies that use Bitcoin's lightning network to transmit data. The firm Chainalysis, which is used by law enforcement to track public blockchains, has found across multiple years that only 0.5% to 2% of crypto transactions are for illegal activity. Applications being built on the impervious API include peer-to-peer streaming video, podcasts, live events, news reporting, distributed storage, and VOIP-based communications.

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