Business The Lightning Network Could Make Bitcoin Faster—and Cheaper –

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In 2014, Joseph Poon and Thaddeus Dryja were bitcoin-obsessed engineers hanging out at pizza-fueled meetups in San Francisco. Their conversation often turned to the central problem of bitcoin: How to make it more useful? The bitcoin network’s design effectively limits it to handling three to seven transactions per second, compared with …

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via WIRED – http://ift.tt/2DkbHKq

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