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24min chapter
Lyn Alden: The Monetary Order Is Broken
Forward Guidance
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode