#Bitcoin The Lightning Network addressing transaction speed and cost has been a major hurdle for wider adoption. An increase in its capacity suggests Bitcoin is becoming more viable for everyday use.
Here's a breakdown of why this is significant:
Faster transactions: The Lightning Network allows for transactions to happen almost instantly, compared to the typical 10-minute wait on the Bitcoin blockchain.Lower fees: Transaction fees on the Lightning Network are much cheaper than on the main blockchain, making it suitable for smaller purchases.Increased adoption: With these improvements, Bitcoin becomes more attractive for merchants and consumers, potentially leading to wider adoption as a method of payment.
It's important to note that the Lightning Network is still under development, but this is a positive step forward for Bitcoin's overall usability.
