Bitcoin

Lightning Bitcoin

<h2 id="header-0">Lawyer Highlights L2 Scaling Solution’s Alleged Shortcomings</h2><a href="https://cryptosnewss.com/xrp-advocate-john-deatons-shocking-ethereum-expose-a-game-changer/" rel="noopener noreferrer nofollow">John Deaton</a>, a vocal supporter of XRP and critic of the SEC, recently aimed criticism at Bitcoin’s Lightning Network while praising an XRP Ledger protocol. Lightning aims to improve Bitcoin’s scalability as a layer 2 solution.In an October 21st social media post, Deaton revealed he’s an angel investor and legal officer in Spend The Bits, which lets users transact Bitcoin on the XRP Ledger.Deaton previously touted Spend The Bits as a more secure alternative for using Bitcoin versus Lightning. His latest remarks come amid circulating concerns over potential Lightning vulnerabilities.A developer recently alleged deliberate backdoors exist in Lightning’s code that could allow total network control. This sparked doubts about Lightning’s security and long-term viability.<h2 id="header-1">Criticism in Context</h2>Deaton’s views must be considered in context. He has fervently <a href="https://cryptosnewss.com/ripples-fate-hangs-in-balance-crucial-sec-appeal-decision-and-coinbase-case-updates/" rel="noopener noreferrer nofollow">opposed the SEC’s lawsuit against Ripple</a> and invested personally in XRP-based solutions.His criticisms of Lightning could stem from personal interests rather than purely objective analysis._______________________________________________________________________________________Stay connected with us on <a href="https://news.google.com/publications/CAAqBwgKMLrrowwwzOOyBA" rel="noopener noreferrer nofollow">Google News</a>, <a href="https://t.me/cryptosnewsss" rel="noopener noreferrer nofollow">Telegram</a>, <a href="https://twitter.com/NewssCryptos" rel="noopener noreferrer nofollow">Twitter</a>, and <a href="https://www.facebook.com/profile.php?id&#61;100089949049302" rel="noopener noreferrer nofollow">Facebook</a> to stay updated on the latest developments and engaging discussions in the realm of CryptosNewss.Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.Originally published at <a href="https://cryptosnewss.com/deaton-slams-lightning-network-touts-xrp-protocol-for-bitcoin-scaling/" rel="noopener noreferrer nofollow">https://cryptosnewss.com</a> on October 19, 2023.

Deaton Slams Lightning Network, Touts XRP Protocol for Bitcoin Scaling

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