Greg Maxwell: Lightning Network Better Than Sidechains for Scaling Bitcoin

Greg Maxwell: Lightning Network Better Than Sidechains for Scaling Bitcoin

Over a past year or two, a categorical subject of review in a Bitcoin village has been how a complement is going to eventually scale to millions or billions of users. Two concepts mostly brought adult during these sorts of discussions are a Lightning Network and sidechains.

Blockstream is in a singular position when it comes to these Bitcoin improvements, as it has a supports and incentives to work on both of these concepts simultaneously. In a new talk with Bitcoin Magazine, Blockstream CTO Greg Maxwell common his views on sidechains as a scalability resolution and because a Lightning Network will be a improved choice over a prolonged term.

Implementing Bitcoin Classic as a Sidechain

Some members of a Bitcoin village have wondered either it would be a good thought to exercise changes to Bitcoin’s block distance extent around a sidechain. In fact, one of a pivotal points done by Bitcoin Hivemind’s Paul Sztorc in his drivechain proposal was that sidechains would concede Bitcoin Classic and Bitcoin XT to be implemented around this technology.

While Maxwell concluded that this arrange of functionality is possible, he didn’t seem assured that it would be



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