In Bitcoin BRC-20 Debate, There’s no Such Thing as ‘High Fees’

Lightning shouldn’t be a panacea, and it’s best fitted to excessive frequency, small granularity funds – which definitely doesn’t fulfill all forms of Bitcoin transactional demand. There’s greater than only one technique to transfer {dollars} round – now we have wires, ACH, credit score and debit networks, Fednow, bodily money, remittances, hawala networks, cash orders, and fintech apps, amongst others. Extra abstractly, these might be divided into “push” and “pull” approaches, actual time versus deferred settlement, and gross versus web settlement fashions. Every has its personal set of tradeoffs, and affords totally different transactional speeds and settlement assurances.