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Lyn Alden: The Monetary Order Is Broken

Forward Guidance

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Bitcoin's Transaction Throughput and Lightning Network

This chapter discusses the technology of Bitcoin and its ability to handle high transaction throughput. The speaker compares the number of transactions per second processed by Bitcoin (7) to Visa (24,000) and explains the differences between Bitcoin and traditional settlement systems like Fedwire. They also mention the lightning network as a layer built on top of Bitcoin for faster transactions and clarify that it is not a third party but an open-source technology.

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