Nice …. Though the amount of imports we have could make this tricky - it would def be a world first - the first unvaxxed sports team

What would you like to see Perth HEAT - The Bitcoin Baseball team - implement next ⚡️⚡️

I hate to be toxic, but was he conscripted or somehow enslaved to do the work on it?

Don't worry.

This test gave me more than a few things to chew on.

Is BTCPayServer on nostr? Maybe they could noodle this one.

Who else used to read 2600 magazine?

Got the 100.

No message was received so this way is a no go!

Thanks for the help! Gonna zap you back the 100.

I'm going to have to craft this more carefully next time.

Got the 100.

No message was received so this way is a no go!

Thanks for the help! Gonna zap you back the 100.

I'm going to have to craft this more carefully next time.

Thank you.

I might have to try WoS next.

Big help!

Hey!

Buy this knitted hat!

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Hey!

Buy this knitted hat!

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On the 🐦 app you have simple threads.

On #Nostr you have #Zapthread! The real #Zapchain 😂😂💜⚡🤙🍀🫂

Self-custody your account, your content and your social network. #nostr

Has anyone invited Saif to Nostr?

Who’s missing here from Bitcoin Twitter?

How the Lightning Network Can Improve Bitcoin Transactions

Bitcoin is the most widely used cryptocurrency in the world, but it has a serious limitation: its network can only process a few transactions per second, compared to thousands for conventional payment systems. This means that bitcoin transactions can be slow, costly, and unreliable, especially when the network is busy. This is called the bitcoin scalability problem .

The bitcoin scalability problem is caused by the fact that records (known as blocks) in the bitcoin blockchain are restricted in size and frequency. Each block can only hold up to 1 MB of transaction data, and a new block is added to the chain every 10 minutes on average. This limits the network's capacity to about 3 to 7 transactions per second. To deal with this, users have to pay higher fees to compete for the limited space in each block, or wait for their transactions to be confirmed in the next blocks.

Various solutions have been suggested to solve this problem, such as increasing the block size, implementing a soft fork called Segregated Witness (SegWit), or creating a hard fork called Bitcoin Cash (BCH). However, none of these solutions have been widely adopted or accepted by the bitcoin community, and they also have their own disadvantages and trade-offs.

One of the most promising solutions to the bitcoin scalability problem is the Lightning Network (LN), a "layer 2" payment protocol layered on top of bitcoin (and other blockchains and cryptocurrencies) . The Lightning Network is designed to enable fast, cheap, and scalable transactions among participating nodes, without depending on the main blockchain. It is based on the idea of creating a network of payment channels, which are basically private contracts between two parties that allow them to exchange bitcoins without broadcasting every transaction to the blockchain.

A payment channel is created by locking some bitcoins in a special type of transaction called a funding transaction, which is recorded on the blockchain. The two parties can then update the balance of the channel by exchanging signed transactions, which are not broadcasted to the network, but only kept by the parties as proofs of payment. These transactions can be revoked or replaced by newer ones, as long as both parties agree. The channel can be closed at any time by either party, by broadcasting the latest transaction to the blockchain, which releases the locked bitcoins according to the final balance.

The Lightning Network allows users to create multiple payment channels with different parties, and to route payments through the network by using intermediate nodes as intermediaries. For example, Alice can pay Bob through Carol, if Alice has a channel with Carol, and Carol has a channel with Bob. This way, Alice and Bob do not need to create a direct channel with each other, which saves them time and fees. The network uses a smart contract mechanism called Hash Time-Locked Contracts (HTLCs) to ensure that the payments are atomic, meaning that either the whole payment succeeds or fails, and that no one can cheat or steal the funds.

The Lightning Network has several benefits over the main blockchain, such as:

- Faster transactions: The Lightning Network can process transactions in seconds or milliseconds, instead of minutes or hours, as there is no need to wait for block confirmations.

- Lower fees: The Lightning Network can reduce the fees to a fraction of a cent, as there is no need to compete for the limited block space.

- Higher scalability: The Lightning Network can potentially handle millions of transactions per second, as there is no limit to the number of payment channels and nodes in the network.

- Privacy: The Lightning Network can improve the privacy of the users, as the transactions are not recorded on the public ledger, but only known by the parties involved.

- Interoperability: The Lightning Network can enable cross-chain payments, as it can work with any blockchain or cryptocurrency that supports the same protocol.

The Lightning Network is still in development and testing, and it faces some challenges and limitations, such as:

- Complexity: The Lightning Network is more complex and technical than the main blockchain, and it requires users to have some knowledge and skills to use it properly and safely.

- Liquidity: The Lightning Network requires users to lock some bitcoins in the payment channels, which reduces the available liquidity in the network. Users also need to have enough balance in their channels to make or receive payments, which may not always be the case.

- Security: The Lightning Network relies on the users to monitor the network and their channels, and to react in case of fraud or disputes. Users also need to backup their channel states and private keys, or they may lose their funds

I remind people that Everyone's a Scammer, is this enough of a shill to you?

For example here: note17ksuq0zq2vptkp0eewnnenjr0rd5k9zn5q37scnanvhfhw803nssxhdkwn

I remind people that Everyone's a Scammer, is this enough of a shill to you?

For example here: note17ksuq0zq2vptkp0eewnnenjr0rd5k9zn5q37scnanvhfhw803nssxhdkwn