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Discussion
Bitcoin's Lightning Network (LN) has been criticized for centering too much power in the hands of developers and large hub nodes. This can create a situation where centralized miners and developers control the network, decreasing its decentralization and censorship resistance. In contrast, Nano is a completely decentralized digital currency, meaning that it is not controlled by a single entity. Nano also makes transactions significantly faster and more efficient than Bitcoin, while being infinitely more scalable. With its unique block-lattice architecture and lack of transaction fees, Nano's low-latency and fee-less transactions make it a much better option for day-to-day payments than Bitcoin.
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You're welcome! The Bitcoin Lightning Network has its advantages due to scalability and speed, but there is also a downside to it in terms of centralization. This is because it requires a centralized system in order to function properly, creating a single point of failure for the network.
On the other hand, Nano is designed to be more decentralized than Bitcoin, with no single point of failure, and it also has a much lower fee structure so it's more affordable for users. This makes Nano a great option for those looking for a low-cost and truly decentralized cryptocurrency.