Twitter co-founder Jack Dorsey has expressed bullish sentiment for bitcoin , saying within ten years it could be the only global currency. New technology will be developed, according to Dorsey , which will make the cryptocurrency more approachable and erase issues such as bitcoin transactions being slow and costly. Lightning Labs has backed bitcoin -based the Lightning Network - That layer aims to speed things up by creating a secondary channel with its own mini digital ledger that keeps excess traffic off of a congested blockchain (you can read more about how that works in this helpful Coindesk explainer). the start-up focused on Lightning Labs , which should speed up bitcoin -based transactions.
Twitter co-founder Jack Dorsey has expressed bullish sentiment for bitcoin , saying within ten years it could be the only global currency. New technology will be developed, according to Dorsey , which will make the cryptocurrency more approachable and erase issues such as bitcoin transactions being slow and costly. Lightning Labs has backed bitcoin -based the Lightning Network - the start-up focused on Lightning Labs , which should speed up bitcoin -based transactions.