-

Bitcoin Is Venice Scaling Layers

"Bitcoin Is Venice," a book by Allen Farrington and Sacha Meyers, describes the renaissance of sound money.

Get the complete ebook now in Bitcoin Magazine’s retailer.

This article is a part of a sequence of tailored excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is out there for buy in Bitcoin Magazine’s retailer now.

You can discover the opposite articles within the sequence right here.

“Money will always see a multiple layered expansion as it evolves, and each layer has costs and benefits. You can mine your own gold, but this process is very expensive with a high barrier to entry. You can buy gold coins and bars easily in most parts of the world, but using them for day to day commerce is unfeasible. As a merchant, you can accept gold coins but either have to trust the purity or assay the gold yourself. Once you’re using the paper certificate layers, you now are engaged in counterparty risk, but have easier capacity for transactions. Each layer serves a different function. Base layers are for final settlement, while higher layers are for facilitation of economic activity.” — Nik Bhatia, “The Time Value of Bitcoin and LNRR.”

Latest news

Kraken CEO Jesse Powell Questions Validity of Binance’s Audit

Join Our Telegram channel to keep up to date on breaking information protection The failure of the cryptocurrency trade FTX...

Dogecoin Price Prediction – How Long Until It Reaches $1.00?

Join Our Telegram channel to keep up to date on breaking information protection The Dogecoin community is completely secure and...

Top Gainers and Trending Crypto Today 27 November

Join Our Telegram channel to keep up to date on breaking information protection The Crypto trade is witnessing a optimistic...

MATIC/USD Ranges as Price Moves Near $0.865

Join Our Telegram channel to keep up to date on breaking information protection The Polygon value prediction reveals that Polygon...
- Advertisement -spot_img

Utility-Rich Oryen Network resonates with Shiba Inu and Terra Luna holders – Early backers see 200% profits

Join Our Telegram channel to keep up to date on breaking information protection In the wake of a number of...

CELO/USD Soars Above $0.70 Level

Join Our Telegram channel to keep up to date on breaking information protection The Celo worth prediction reveals that CELO...

Must read

Kraken CEO Jesse Powell Questions Validity of Binance’s Audit

Join Our Telegram channel to keep up to date...

Dogecoin Price Prediction – How Long Until It Reaches $1.00?

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you