Saturday, June 7, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Stablecoins Are On Their Way to Bitcoin

May 11, 2024
in Web3
Reading Time: 2 mins read
0 0
A A
0
Home Web3
Share on FacebookShare on TwitterShare on E Mail



TL;DR

Full Story

If it wasn’t already abundantly clear, we (Seb & Chevy) love innovation.

Which is why we received all types of giddy once we heard Elizabeth Stark, the CEO of Lightning Labs, talk about how far they’ve gotten with growth in direction of internet hosting stablecoins on the Bitcoin blockchain.

Right here’s three the explanation why this could be cool:

Errbody loves to save cash on charges – Visa and Mastercard sometimes cost 1-3%. By utilizing the BTC Lightning Community, transaction charges for the BTC Stablecoin could be “a cent or lower than that.”

In contrast to a few of the different stablecoin suppliers, BTC is definitely probably the most decentralized.

When BTC was created, Satoshi didn’t take an preliminary funding from any VC corporations who now personal an enormous share of fairness within the underlying firm.

Did we point out it’s the Bitcoin blockchain?

That in itself is vital as a result of it’s the oldest (and at all times will likely be!) and most safe blockchain that exists.

With out getting too technical, right here’s the way it’ll work:

A stablecoin (let’s name it ‘BTCUSD’) will likely be pegged to the US Greenback, however all transactions will happen on the BTC Lightning Community which is tremendous quick and low cost as a result of it takes a lot of transactions, validates them off-chain, after which simply the primary and final transaction are validated again on the BTC community.

Truthfully, except you’re fairly nerdy (like us), the ‘how does it work’ half doesn’t matter as a lot because the ‘what can it do for us?’ half.

And in brief, it would allow anybody to spend crypto, in the identical method they’d use a USD debit card at this time, only for a less expensive value (by means of decrease charges).

Now that’s innovation!



Source link

Tags: BitcoinStablecoins
Previous Post

Harvest Plans To Open Bitcoin ETF To Mainland China

Next Post

Step into the World of The Voice with the New Battle Coach Game

Related Posts

Trump Crypto Wallet ‘Isn’t Moving Forward’ After World Liberty Clash: Eric Trump
Web3

Trump Crypto Wallet ‘Isn’t Moving Forward’ After World Liberty Clash: Eric Trump

June 6, 2025
Yield bearing stablecoin comes to Solana via Maple Finance’s Chainlink integration
Web3

Yield bearing stablecoin comes to Solana via Maple Finance’s Chainlink integration

June 7, 2025
VerifiedX Launches Vault Accounts – Setting a New Standard for Bitcoin Security
Web3

VerifiedX Launches Vault Accounts – Setting a New Standard for Bitcoin Security

June 5, 2025
Curve Founder Warns of ‘For-Hire’ Hackers Coordinating Cross-Platform Attacks
Web3

Curve Founder Warns of ‘For-Hire’ Hackers Coordinating Cross-Platform Attacks

June 5, 2025
Chair Paul Atkins Says It’s a ‘New Day’ for the SEC, Calls for ‘Rational’ Crypto Regulation
Web3

Chair Paul Atkins Says It’s a ‘New Day’ for the SEC, Calls for ‘Rational’ Crypto Regulation

June 4, 2025
Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase
Web3

Another Bitcoin Buyer? Nasdaq-Listed Reitar Logtech Plans $1.5 Billion BTC Purchase

June 2, 2025
Next Post
Step into the World of The Voice with the New Battle Coach Game

Step into the World of The Voice with the New Battle Coach Game

Ordinals sales elevate Magic Eden to top NFT marketplace surpassing Blur by $108 million

Ordinals sales elevate Magic Eden to top NFT marketplace surpassing Blur by $108 million

BNB Price Faces Crucial Test: Will $600 Withstand the Pressure?

BNB Price Faces Crucial Test: Will $600 Withstand the Pressure?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In