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I used Bitcoin Lightning Network for the first time
By Side Hustle Rich  •  August 14, 2020
In Satoshi’s Bitcoin Whitepaper, he envisioned Bitcoin to be a peer to peer payment network. In the decade since, Bitcoin has been anything but that. A speculative asset? Check. A bubble that burst in 2018? Check. A store of value? Check. Digital gold? Check. Thus far, Bitcoin has had scaling issues in terms of handling transaction volumes. Coupled with price volatility, it has kept the asset from becoming a peer to peer currency, but more of a asset for speculation and investment, which might be better in the short to mid term anyway. But I recently had an experience with Lightning Network that could change things. I used the Bitcoin Lightning Network for the first time ever. < div aria-hidden="true" class="wp-block-spacer"> What is Lightning Network? Lightning Network is a 2nd layer protocol that is built on top of the Bitcoin Blockchain. It is designed to help scale bitcoin payments and solve...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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