⚡ 1. Lightning Network (LN)
This is the big one. Think of it like a fast lane built on top of Bitcoin.
You can send or receive Bitcoin instantly, and it costs almost nothing.
It’s great for small stuff like buying coffee, tipping online, or sending money across borders.
Apps like Strike, Cash App, and Wallet of Satoshi already use it, and it’s spreading fast.
Why people love it: It's fast and private.
What’s still tricky: It can be a little technical to use, especially for people who aren’t Bitcoin nerds yet.
Yeah LN can be really fast and a solution for smaller units of payments using Bitcoin. I've used it in the past any it's cool. Thinking of running my own node for it, maybe I'll not have to generate an invoice anymore when using it.
🏛️ 2. Fedimint – Community-powered Bitcoin banks
This one is new and exciting. It’s all about local communities setting up their own mini-banks to share Bitcoin in a more private way.
You don’t need to deal with big exchanges.
You can hold Bitcoin privately, and even grandma in the village could use it if someone sets it up for her.
It’s perfect for places where the government can’t be trusted or banks don’t work.
Real-world vibe: Local people, local Bitcoin, global freedom.
Backed by: Obi Nwosu, a respected Bitcoin advocate.
Isn't this going to introduce more security branches to funds?
Having someone setup the app for you and if the person isn't honest enough, they might take advantage of the ignorant granny.
Again it's not fully decentralized since there's still guardians as community leaders or whoever is chosen to manage the funds
althoughactually.
I appreciate the fact that it's free from governmental control, but since someone it a group of people called guardians actually controls the servers, chances are that they might be subject to the government and manipulate the control handed to over to them. I prefer what no one controls, like dealing with the Blockchain directly.
To store my coins, I don't wish to deal with the
SSI cashedso called second parties, I'm fine with dealing with first party directly, that way I'm sure of being in control.