Deaton Voices Concerns Over Lightning Network Security

Deaton Voices Concerns Over Lightning Network Security



John Deaton has expressed concerns over potential vulnerabilities in the Bitcoin Lightning Network's code. An advocate for cryptocurrency and attorney by profession, Deaton has previously voiced his preference for the "Spend The Bits" protocol on the XRP Ledger (XRPL) over the Lightning Network. The latter serves as a second-layer scaling solution intended to enhance Bitcoin's scalability by facilitating off-chain transactions directly between users.



On October 21, via a post on platform X (previously known as Twitter), Deaton disclosed his role as both an angel investor in Spend the Bits and its principal legal advisor. He has, in the past, championed Spend The Bits as a safer option than the Lightning Network for Bitcoin transactions. His disclosure came conveniently around the same time an online cryptocurrency investigator,


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#BTC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #LightningNetwork, #News

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