Coinbry

  • Market Cap: $2,481,684,921,838.76
  • 24h Vol: $139,883,230,109.06
  • BTC Dominance: 51.77%
Pro-XRP lawyer John Deaton voices criticism against Lightning Network

Pro-XRP lawyer John Deaton voices criticism against Lightning Network

John Deaton, a lawyer and cryptocurrency supporter, has criticized the Bitcoin Lightning Network, stating that it is less effective than the “Spend The Bits” protocol on the XRP Ledger. Deaton is an angel investor and the chief legal officer of Spend the Bits. His remarks come amidst concerns about alleged backdoors in the Lightning Network’s code. A recent discovery in Lightning indicated a significant security vulnerability, raising questions about the network’s security and trustworthiness. The Lightning Network has seen a 15% reduction in capacity over the past three months, sparking doubts about its long-term viability.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.