The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist.

) for LN, which splits large payments into tiny bits, but they minimize on-chain data footprint with more efficient, smaller signatures.

The AMP feature also allows users to optimize payment routing through LN channels, as the payer only has to know the public key of the recipient. Ultimately, what started as a series of Bitcoin hard forks, with most failing to gain traction, facilitated another type of Bitcoin scaling.

The frictionless scaling enabled by LN, combined with smart contracts, may even lead to futures contracts indirectly, as they would require such speed and deeper liquidity. Even the Federal Reserve Bank of Cleveland recognized that Lightning Network gets Bitcoin closer to “daily money” in the

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Author: Shane Neagle