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27min chapter
#503: The Bitcoin Stack with Dhruv Bansal,Ryan Gentry & Allen Farrington
TFTC: A Bitcoin Podcast
Evolution of Layer Market in Bitcoin Ecosystem
The chapter explores the evolution of the layer one market within the Bitcoin ecosystem, delving into conflicts between consensus and policy rules, out of band transactions, and the potential of Lightning Network for future applications. It discusses the development of Noster as a relay network using WebSockets, its differentiation from being a layer three solution, and its usage of Bitcoin through Lightning for real-world cost monetization. The conversation also navigates through scalability concerns, putting data inside payments for applications like Sphinx Chat, and the intersection of Bitcoin mining companies with AI workloads.
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