RATE Group | Samson Mow: Bitcoin is just the beginning for the Lightning Network
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Samson Mow: Bitcoin is just the beginning for the Lightning Network

Samson Mow: Bitcoin is just the beginning for the Lightning Network

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Samson Mow is feeling very confident about the Lightning Network. While the Blockstream chief strategy officer seemingly spends most of his time posting travel pics on Twitter—he’s also a keen watcher of bitcoin, and in particular, the Lightning Network, aka the layer-two scaling solution. 

In an exclusive interview with Decrypt, the long-time Bitcoin veteran told us why the underlying tech powering Lightning could be just as pivotal to help deliver better scalability to a whole host of tokenized digital assets out in the wild today, not just bitcoin.

“[I’m] very bullish on the lightning network” Mow said. At its core, the Lightning Network is a decentralized system for instant and high-volume Bitcoin micropayments—with payments as low as 1 satoshi (worth $0.0001)—being able to be confirmed for low, if any transaction fees. 

Bitcoin transactions, on the other hand, can sometimes take an hour to be confirmed. The layer two scaling network, is regarded as one of the…

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