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This week an individual revealed he had completed the first trustless swap by trading on-chain bitcoin cash (BCH) for off-chain bitcoin core (BTC) using Alex Bosworth’s submarine swap protocol.
Also read: Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent
Monero team member Riccardo Spagni reaffirmed his belief that a so-called ‘layer two’ scaling solution is needed for Bitcoin — stating it is “necessary” for capacity improvements and “maximal privacy.”
Spagni’s comment appeared on Twitter in response to fresh assertions from Bitcoin Cash (BCH) proponent Roger Ver that Bitcoin (BTC) users should “move on” to alternative, on-chain scaling options. Wrote Ver:
If you think BTC with its full block, high fee policy will be able to maintain market share, you are mistaken. It won’t, and it is time to move on to other things.
Competition is heating up in the ethereum ecosystem, now that scaling project Liquidity.Network has launched in test mode.
CoinDesk
