Legal professional and cryptocurrency supporter John Deaton has criticized the Lightning Community, deeming it much less efficient than the “Spend The Bits” protocol at the XRP Ledger (XRPL). Lightning is a layer-2 scaling answer for Bitcoin. It’s designed to give a boost to the scalability and potency of Bitcoin (BTC) transactions through enabling off-chain, peer-to-peer transactions.

In an Oct. 21 X (previously Twitter) submit, Deaton printed he’s an angel investor in Spend the Bits, in addition to its leader criminal officer.

Deaton prior to now touted Spend The Bits as a substitute for Lightning at the Bitcoin blockchain. In September, the pro-XRP (XRP) lawyer counseled the protocol, characterizing it as a extra safe means for the usage of your Bitcoin than Lightning.

Let me be transparent and clear: I’m now all in favour of @Spend_The_Bits as an angel investor and function its Leader Prison Officer. Subsequently, please settle for my feedback with that during thoughts. However a big reason why I invested in @Spend_The_Bits, or said extra correctly, invested in… https://t.co/aheyTxjGxp

— John E Deaton (@JohnEDeaton1) October 21, 2023

Deaton’s Saturday disclosure used to be well-timed, aligning with an X submit from the net crypto investigator WhaleWire. This tweet raised issues a few fresh discovery in Lightning indicating a vital safety vulnerability that brought on a developer to withdraw from the venture.

The developer alleged the presence of planned vulnerabilities within the Lightning Community’s code, which might probably supply attackers with whole community regulate. Primary backers of the Lightning Community also are all in favour of Tether, Bitfinex and BlockStream. This declare has raised questions on Lightning’s safety and trustworthiness.

Comparable: Lightning Labs releases Taproot Property alpha, bringing stablecoins to Bitcoin

On the time of writing, the Lightning Community has a community capability of five,338 BTC, in accordance to 1ML. This has sparked doubts in regards to the community’s resilience and long-term viability, with the cost protocol having noticed a fifteen% relief in capability during the last 3 months.

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