Deaton criticizes the Lightning Network in favor of 'Spend The Bits' on XRPL.
, deeming it less effective than the “Spend The Bits” protocol on the XRP Ledger . Lightning is a layer-2 scaling solution for Bitcoin. It is designed to improve the scalability and efficiency of Bitcoin (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 comparison to the Lightning network."as an angel investor and serve as its Chief Legal Officer. Therefore, please accept my comments with that in mind.
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