Ruben Somsen explains that the Bitcoin base layer is designed to provide a high amount of censorship resistance and individual sovereignty. This security comes at a high cost of proof of work and global consensus verific...
Ruben Somsen explains that the Bitcoin base layer is designed to provide a high amount of censorship resistance and individual sovereignty. This security comes at a high cost of proof of work and global consensus verification. It is not feasible for all worldwide economic transactions to be settled in the base layer. Individuals can choose to use higher layers with different trade-offs to make payments of lower value and higher frequency.
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