Ardoino talks about Bitcoin. This prolonged bear market period seems conducive to construction still active of a crypto ecosystem battered from all sides. A trend that has recently hit the Bitcoin blockchain several times. Because this network, known to be relatively scalable, is meeting new ambitions this yearmainly driven by its upgrade Taproot. A paradigm shift at the origin of the appearance of Ordinals and other BRC-20s fallen into the Bitcoin rabbit hole like a pill across the throats of its most fervent maximalists. A situation recently commented on by Paolo Ardoinohead of technical operations of the Bitfinex platform, recently appointed head of the company Tether (USDT).
Bitcoin will make a “quantum leap” in the coming years
Bitcoin is always a somewhat delicate subject to discuss. Firstly, because a good number of interlocutors blame him for all the misfortunes of the modern world without even knowing about them. the underlying ideology or operating model. But also because this decentralized monetary tool is often discussed depending on the use made of it by the person speaking. However, since its creation it has existed outside of these kinds of material limitations… without any responsibility.
A communication exercise that has just been undertaken Paolo Ardoino, Chief Technical Operations Officer (CTO) of the Bitfinex platform. A very active member of the crypto community on the X network recently appointed head of Tether (USDT). But it is mainly about Bitcoin that he spoke with the crypto media The Block.
An interview during which it is notably discussed of a “quantum leap” that Bitcoin should make in the years to come. An upheaval carried out using scaling options as the Lightning Network which is currently doing like a charm. This even if “concerns about its maturity and the complexities inherent in second-layer solutions are entirely valid”. That’s to say ?
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Lightning Network, Taproot Assets and drivechains
The brand new CEO of Tether, with the Bitfinex cap on his head, envisions the Lightning Network as “ one of the best solutions for scaling Bitcoin “. An option already adopted by the exchange because it operates and manages, according to Paolo Ardoino, two of the most important and liquid nodes of this second layer network. All accompanied by a significant reduction in transaction costs and processing times for its users.
However, the latter insists on the still obscure nature of this protocol. In fact, its stage of development would still be insufficient to make it a tool for the general public. An inventory also carried out by the Strike application recently associated with Bitrefill in order to solve this problem.
“Many hesitations about the Lightning Network stem from its complex nature and current stage of development. Even though it has demonstrated fast payments with minimal transaction fees, there remains a reluctance to fully adopt it. »
Paolo Ardoino
Other options are then discussed by Paolo Ardoino, such as the RGB protocol, partly intended for stop the uncontrollable surge of NFT Ordinals. But also, and this time with the Tether cap on the head, the emergence of Taproot Assets protocol in capacity to issue stablecoins on the Bitcoin blockchain. A feature presented by Paolo Ardoino as “a deserved future”.
Features intended for perfect the scaling capacity of the Bitcoin network are therefore at the center of its future development. And Paolo Ardoino don’t forget to include in this list the famous drivechains described by some purists as a simple shitcoin factory. An innovation that the CTO of Bitfinex presents for his part as a “game changer”. But only when they no longer represent any risk to the stability of the main network.
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