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WHY ARE WE BULLISH? HodlSolo, James Dewar, Christopher Gordon, Peter Rounce ep302

BTC Sessions

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The Lightning Network Is a Second Layer Built on Top of Bitcoin

For me, the first turning point was the Lightning Network. You can transfer Bitcoin on the second layer at near zero transaction fees. If you're doing small transactions like buying a coffee, the fees are tiny and negligible. On top of that, with the Lightning Network, it's a near-instant settlement. For those who don't work in the retail sector, when you accept a payment system through traditional payment rails, that payment is not settled normally for a few days.

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