The Power of Lightning Network
Channel: Africa Bitcoin Conference
Date: 2023-05-31

” Panel Speakers: Dread, Obi Nwosu, Emily Chiu, Shah Ramezani & Laurence Aderemi (M)

Bitcoin base layer transactions are often being compared with payments via service providers like Visa or PayPal regarding their cost and efficiency. Why is that, and is this even a valid comparison? 

This panel explains the layered nature of the traditional financial system, and the efficiencies it brings together with its tradeoffs. The panelists also discussed how a financial network, built on Bitcoin could look like, taking solutions like Lightning, Fedimint or Taro into account and comparing this financial network with traditional financial structures.”