Lightning Network faces criticism from pro-XRP lawyer John Deaton
John Deaton’s remarks come amid concerns about alleged backdoors in the Bitcoin Lightning Network’s code. Lawyer and cryptocurrency supporter John Deaton has criticized the Lightning Network, deeming it less effective than the “Spend The Bits” protocol on the XRP Ledger (XRPL). Lightning is a layer-2 scaling solution for Bitcoin. It is designed to improve the scalability and efficiency of Bitcoin (BTC) transactions by enabling off-chain, peer-to-peer transactions. Deaton expressed his choice on Saturday, Oct. 21, through a tweet, revealing his role as an angel investor in 'Spend the Bits' and his recent appointment as its chief legal officer. It's worth noting that this isn't Deaton's initial endorsement of 'Spend The Bits' as a viable alternative to the well-known Lightning Network on the Bitcoin blockchain. In the previous month, the Ripple-supporting attorney commended the protocol, characterizing it as a more secure method for using your Bitcoin in comp...