RATE Group | Grasping Lightning: Mapping the Key Players in Bitcoin’s Next Phase
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Grasping Lightning: Mapping the Key Players in Bitcoin’s Next Phase

Grasping Lightning: Mapping the Key Players in Bitcoin’s Next Phase

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You might have heard of bitcoin’s “lightning network,” but don’t know what’s going on with it right now. Who are the mysterious big players behind this magical technology that allegedly solves all of bitcoin’s problems?  

Lightning is one of the most promising technologies in the space right now, even drawing in Square and Twitter CEO Jack Dorsey. Given current technical constraints, blockchains don’t support many users, let alone the world’s population. Lightning could multiply the transactions possible, while making transactions faster (like a millisecond) and cheaper. 

Nerds have eagerly been putting the technology to the test. A range of lightning games have come out, such as one channeling the hit game Fortnite. And it’s possible to buy Domino’s pizza and Amazon gift cards with this new internet money. 

But, while yes, lightning sort of works, there’s a lot of work to be done. The technology is still risky and not easy to use. Although the theory’s there, how it plays out in…

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