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Davide
@0xdavide
₿ Is Bitcoin a payment solution or a store of value? I believe Bitcoin is primarily a store of value, although it can be used to transfer large amounts of money, without censorship. If you transfer more than 100k or 1M, network fees become irrelevant. Bitcoin has several offchain scalability solutions, including one offline. ✅Lightning Network is layer2 developed to solve the scalability limits of Bitcoin. It works by creating off-chain payment channels between users, allowing fast and low-cost transactions. This system allows numerous microtransactions to be made without weighing down the main blockchain, only recording the opening and closing of the channel on the Bitcoin blockchain, improving the overall efficiency of the network. Two users open a private channel, being able to carry out hundreds of thousands of transactions at low cost and with an excellent level of privacy (the transactions are offchain). There are also custodial solutions, such as Wallet Of Satoshi, which avoid opening channels.
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Davide
@0xdavide
✅eCash (XEC) is a cryptocurrency born from a rebranding of Bitcoin Cash ABC (fork), designed to offer a global electronic currency focused on privacy and microtransactions. eCash aims to improve scalability through technologies such as CashFusion, to ensure anonymity in transactions, and its minimum unit is 100 satoshi (XEC). eCash can also work offline using blind signatures, to ensure that transactions can be validated even in the absence of a connection. After offline transactions are completed, they can be synchronized with the blockchain once devices are connected to the internet.
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