The Bitcoin Version of Venmo

TL;DR

• Customers can now deposit and withdraw BTC to/from Binance, quick n’ low cost, utilizing the Bitcoin Lightning Community.

• For any crypto community to be usable at scale (with billions of concurrent customers worldwide), they want layer 2’s.

• Layer 1’s are like financial institution accounts (sluggish transactions, excessive charges, however extremely safe). Layer 2’s are like Venmo (quick transactions, low charges, however with rather less safety).

• The Lightning Community helps to resolve this drawback with Bitcoin – it simply must be adopted.

• …and what higher method to velocity up adoption than to have the worlds largest crypto alternate combine it?

Full Story

Bear in mind what it felt prefer to go from financial institution transfers (eeew), to Venmo (niiice)?

So frictionless. So clean. So speedy.

Bitcoin customers appear to get the identical kick from utilizing the Lighting Community (a layer 2 constructed on prime of Bitcoin).

What does that imply precisely?

Layer 1’s are like financial institution accounts (sluggish transactions, excessive charges, however extremely safe).

Layer 2’s are like Venmo (quick transactions, low charges, however with rather less safety).

For any crypto community to be usable at scale (with billions of concurrent customers worldwide), they want layer 2’s. With out them, issues get stupidly costly and painfully sluggish, actual quick.

The Lightning Community helps to resolve this drawback with Bitcoin – it simply must be adopted.

…and what higher method to velocity up adoption than to have the worlds largest crypto alternate combine it?

Customers can now deposit and withdraw BTC to/from Binance, quick n’ low cost, utilizing the Bitcoin Lightning Community.

We like to see it!