Elon Musk Says Lightning Network ‘Needed’ to Scale Bitcoin for Now

Elon Musk has jumped into the bitcoin (BTC, +1.36%) scaling debate on Twitter, saying the layer 2 payments Lightning Network is “needed” for now. “Layer count depends on projected bandwidth & compute, both rising rapidly, which means single layer network [e.g. Bitcoin alone] can carry all human transactions in future imo,” the Tesla CEO tweeted Friday. Until then, however, Lightning …

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