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Unconfirmed: Why It Doesn’t Make Sense to Compare Lightning to DeFi
Episode 279
Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:
- how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
- what the significance of El Salvador adopting Bitcoin means for the Lightning Network
- how many nodes are running Lightning Network nodes
- why the capacity on the Lightning Network has grown rapidly
- how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
- what stage of adoption Ryan thinks the Lightning Network is
- why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols
- how Lightning Network differs from DeFi
- what metric Ryan believes is the best way to measure adoption on Lightning Network
- how El Salvador has changed the types of transactions being made on Lightning Network
- what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed
Thank you to our sponsors!
Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021
Nodle: https://bit.ly/3AXGydJ
Sorare: https://sorare.com
Episode Links
Ryan Gentry
- Twitter: https://twitter.com/ryanthegentry
The Summer of Lightning: Reaching the Tipping Point
Lightning Labs
- Twitter: https://twitter.com/lightning
- Website: https://lightning.engineering/
Lightning Enabled Tips
- Twitter:
- Substack:
Paxful Integration
Arcane Research Paper
- Paper:
- Tweet thread:
Lightning Network stats