US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • @[email protected]English
    -2•5 months ago

    While Lightning doesn’t need you to open a channel for every new recipient and has smart routing through other participants, I still think it’s an inconvenient solution we don’t have to take.

    We have Solana, a 300.000+ TPS Layer-1. We have much smarter Ethereum Layer-2’s that don’t require this bullshit. We have many ways to tackle this problem, it’s the hyperfocus on Bitcoin that, in my opinion, makes people go for Lightning network anyway.

    • @[email protected]English
      1•5 months ago

      Solana is incredibly centralized compared to BTC. The higher the TPS on your base layer the harder it is to meet the hardware requirements to run a full node. Scaling in layers is the solution.

      Eth’s L2s are a confusing mess. They offer a variety of degrees of security and decentralization, some of them, like Polygon, are a network run with only 15 validators, yikes! And many of them are secured by a single bridge. There have been plenty of notable bridge hacks, it is not fun when your currency gets depegged.

      • @[email protected]English
        -1•5 months ago

        Solana currently has 1777 validators - which doesn’t look like much compared to Bitcoin, but is actually way more than enough for any practical intents and purposes.