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8 of 10

The Social Perspective on Bitcoin and the Lightning Network

Bitcoin and the Lightning Network have the potential to impact global communities in a variety of ways. The first is through improved financial inclusion, which would allow people from all over the world to have access to a secure and affordable payment system. This could lead to positive social change as well as an increase in economic activity for those who currently lack access to traditional banking services.

With these benefits come some risks, however: if you don't know what you're doing with cryptocurrencies then it's easy for someone else (like a hacker) who does know what they're doing with cryptocurrencies--and this can result in theft or loss of funds stored on your computer or phone!

Kali2Zona 2y ago

Part 9 of 10

Conclusion

In this article, we explored Bitcoin and the Lightning Network on NOSTR. We learned that Bitcoin is a decentralized cryptocurrency that was created by Satoshi Nakamoto in 2009. The network uses blockchain technology to record transactions between two parties without a central authority or third party involved.

We also learned about some of the benefits of using cryptocurrencies like Bitcoin, including: (see Part 10 of 10)

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Kali2Zona 2y ago

Part 10 of 10

Security - Because it's decentralized and not controlled by any government or bank, there's no risk of fraud or identity theft when you make purchases with your cryptocurrency wallet (or "NOSTR").

Privacy - Your name isn't linked to your account number when making payments online with NOSTR; only an encrypted version of each transaction is recorded on an open ledger called "blockchain." This means no one can see how much money you have in your account unless they know both its public key (which acts as an address) and private key (which allows access).