Unchained

Unconfirmed: Why It Doesn’t Make Sense to Compare Lightning to DeFi - Ep.279

Oct 8, 2021

Ryan Gentry, Director of Business Development at Lightning Labs, dives into the exciting world of the Lightning Network, a layer 2 solution for Bitcoin. He highlights partnerships with major platforms like Twitter and Substack that are expanding Bitcoin's reach. Gentry discusses El Salvador's pivotal role in adoption and how its legalization of Bitcoin is shaping transactions. He also elaborates on why comparing Lightning to DeFi makes little sense, focusing on their distinct purposes and the unique innovations Lightning offers for micropayments.

38:39

Creator website

Episode guests

Ryan Gentry

AI Chapters

Episode notes

Intro

2min

The Rise of Lightning Network Adoption

10min

Exploring the Distinctions Between Lightning and DeFi

6min

The Rise of the Lightning Network

8min

Surging Bitcoin Prices and NFT Innovations

2min

Cryptocurrency Developments: Whales, Bugs, and Regulations

9min

Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
what the significance of El Salvador adopting Bitcoin means for the Lightning Network
how many nodes are running Lightning Network nodes
why the capacity on the Lightning Network has grown rapidly
how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
what stage of adoption Ryan thinks the Lightning Network is
why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols
how Lightning Network differs from DeFi
what metric Ryan believes is the best way to measure adoption on Lightning Network
how El Salvador has changed the types of transactions being made on Lightning Network
what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed