Bitcoin lightning network will not scale the network

Researchers at one of the biggest Bitcoin derivatives giants believe there is no point waiting for a specific innovation to take Bitcoin mainstream.

BitMEX: Bitcoin Will ‘Slowly Improve’

Presenting a new forecast on October 6, BitMEX Research, the analytics arm of BitMEX, said new tools such as the Lightning Network would not transform Bitcoin overnight.

“Bitcoin is unlikely to have a sudden technological breakthrough that provides the scalability & privacy users want,” officials summarized.

Instead, Bitcoin may slowly improve over years. Individual upgrades are not only beneficial on a stand alone basis, but crucially they also complement each other.

The view contrasts with that of many commentators, who hope that a sudden influx of interest in Bitcoin would come as a result of new products and services.

Others think advances…

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