When the mysterious Satoshi Nakamoto presented Bitcoin to the public for the first time, his goal was to eliminate the power of banks and governments over people's money, and to give that power back to the people.
Since then, Bitcoin has had as much potential as Nakamoto did not realize at first, so it became uncontrollable. Bitcoin, the first crypto money title, has turned the financial world and the technology sector upside down. It is predicted to be worth $ 100,000, or even millions, and is said to be the world's currency by the world's leading entrepreneurs.
A lightning developer who is thinking about a road trip he recently made to China; he has seen the potential of crypto money globally. Now he shares his experiences with the world.
Bitcoin as a Global Currency: Overcoming Limits and Barriers
Jack Mallers is a developer of Zap, a Lightning Network based wallet. Mallers recently returned from China, where he went to promote his services. There he discussed “what Bitcoin, Lightning, Zap, and what might happen in the future Orada.
1 / I've been in China for the last week talking about things Bitcoin, Lightning, Zap, and what the future may look like. The reception has been amazing and something I will never forget.
– Jack Mallers @JackMallers March 4, 2019
@JackMallers: ap Last week I went to China and talked about Bitcoin, Lightning, Zap and the future. The reception was great, it made the experience one I will never forget. Resepsiyon
Mallers, although we have different opinions, hobbies; even if we speak different languages, Bitcoin's language is global. Bitcoin's code is another universal language, like math.
2 / Bitcoin is the worlds first global language. All we need is the same food, all we need to see.
– Jack Mallers (@JackMallers) March 4, 2019
@JackMallers: Bitcoin, the first global language. We do not speak the same language, we do not eat the same food, we do not stop with the same hobbies, but we all take projects such as Bitcoin, Lighning, Zap. Because they offer us a better world.
In addition to overcoming the m language barriers ama, the market value of the leading krypton is not affected by “state restrictions, condemnation, social attacks and institutional enemies“. In some countries it was banned openly; The name has been abused by major financiers, bank managers and politicians, but Bitcoin is still very strong.
Bitcoin is decentralized and encrypted so any obstacles, such as government, distance, do not affect it. This technology can be used to facilitate cross-border transactions, or it can be a solution for banks and governments who don't trust money.
4 / The force of Bitcoin over all language barriers, government restrictions, public attacks, social attacks, and corporate enemies. It 's something you don' t know about.
– Jack Mallers (@JackMallers) March 4, 2019
@JackMallers: The power of Bitcoin transcends any language barrier, government, restrictions, condemnations, social attacks and corporate enemies. You understand this only when you see and interact with yourself.
The impact of Bitcoin is more pronounced in countries such as Venezuela, which suffer economic problems. Here, Bitcoin helps the citizen suffering from economic difficulties to take advantage of the fundamental freedoms the average person has worldwide. Without the crypto money, these citizens would only adhere to the government's currency, Bolivar.
Is Lightning Network the Key to Bitcoin's Becoming a Global Currency?
At the peak of the last bull race, the Bitcoin processes were swollen and the net was blocked. The slow process of exorbitant wages proves that crypto money is not readily available for public consumption in general and cannot be a global currency at the moment.
However, Jack Mallers' technology, which he is working to further develop, can pave the way for Bitcoin to become the global currency. Lightning Network aims to speed up Bitcoin transactions and reduce costs. SegWit already has a striking effect on transaction fees and speeds, and Lightning will contribute to this impact.
Jack Dorsey is among those who claim that Bitcoin will ultimately become a global currency. Lately, it has been more involved in the Lightning Network in order to bring the Bitcoin to the top.
The CEO of Twitter and Square recently received Lightning Torch and even started to run its Lightning Network node to support it.
The outspoken Bitcoin maximalist said the Lightning Network would definitely be added to its Square Cash application, but the problem was time. He also expressed support for the arrival of Lightning-based Bitcoin tip support on Twitter. If big corporations, such as those of iDorsey en, support Bitcoin, leading crypto money moves as soon as it becomes the first global currency.
Let us know about the latest developments twitterFollow us, like our Facebook page and join our Telegram channel!
The post Popular Developer Explained Why Bitcoin Will Be A Global Currency appeared first on Kriptokoin.com.