We live in a world where following Bitcoin news is one of the best ways to follow the crypto world. In today’s Bitcoin newsletter, one expert believes that Bitcoin will soon be at the heart of what he describes as an economy that uses the Internet.
We’re talking about Knox founder Thibaud Marechal, who is also a former head of portfolio services at Real Ventures. In a opinion piece for media outlet Bitcoin Magazine, he stated that “Bitcoin-based companies are creating tremendous economic growth potential for a new class of internet currency” and will work to “ build an economic system” with BTC at its center for the next two years – three decades.
Marechal also revealed that a layer has been built on top of the Bitcoin network – the Lighting Network protocol (LNP) which will combine with the original Bitcoin protocol (BP) to play an integral role in the development. blockchain and become the currency of the Internet.
“Bitcoin is evolving into the natural currency of the internet. Acting as a set of public network protocols, known as LNP/BP, bitcoin has undeniably scarce units of value. It is a store of value, movable and quantifiable,” wrote Marechal.
The expert believes that LNP/BP protocols can become an integral part of the new Internet economy like the driving force behind Transmission Control Protocol/Internet Protocol (TCP/IP) and what it did. make the Internet itself.
Together, the two protocols consist of four layers with fixed protocols. Marechal justified his reasons with the following:
“LNP/BP is joining the ranks of other open network protocols similar to TCP/IP. BP has scarce valuable mobile units that can run in its network, similar to IP. LNP acts as a second layer built on top of BP, allowing near-instant, cheap, and anonymous packet exchange over BP, similar to how TCP does with IP. “
He thinks the consequences will be far-reaching and put BTC at the forefront of a new economic revolution. Experts believe the following:
“Bitcoin is liberating capital exchange, creating an open, fair and social marketplace in which anyone can participate. New companies built exclusively on the base layer of Bitcoin and/or Lightning are making it safer and easier for holders to opt out of the old banking system. […] Bitcoin-based companies make it possible to flow capital from the legacy banking system into Bitcoin.”
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