Solar Bitcoin Mining Vs. Lightning Network
Cryptocurrency mining is a reasonably extensive concept that requires a deep analysis and is not carried out by everyone; it is considered the fundamental basis for creating the blocks contained in digital currencies, in this case, Bitcoin.
Vickie Sung
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These blocks are nothing more than the transactions that are carried out. A mathematical calculation is required to be processed where algorithms are solved that in turn originate Bitcoin units.
This process has been harshly criticized since it has a relatively high electrical energy consumption, which becomes pollution for the environment and affects globally.
Given this situation, many specialists in the area have begun to create various proposals that contribute to this process being carried out more sustainably and sustainably, promoting Bitcoin mining to levels where everyone can access it without the need for high-cost equipment. You can trade stocks now by checking the official trading platform.
What is Lightning Network?
How do we know Bitcoin and cryptocurrencies? They are 100% digital financial instruments based on computer languages and platforms that support a quantity of data that make the creation of these digital assets a reality.
If we define the Lightning Network protocol, it is the most recent computer creation to make the demand for issuing cryptocurrencies through mining much more efficient and faster without the need for network performance or, in this case, the Blockchain being harmed.
The purpose of this network is to carry out much faster transactions with much lower deductible costs than traditional mining processes.
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We must be aware that at the time Bitcoin was created, it was done to offer the world a digital money option that could satisfy the economic needs of society but in a decentralized way.
Although this objective could be seen as a bit limited since Bitcoin operations are relatively slow since the network has a limit of operations per minute, and these cannot be accelerated by the network itself, in addition to the fact that the costs per operation in terms of Commission are usually higher.
It could be considered one of the characteristics of Bitcoin that does not allow it to be used massively, which is why the Lightning Network proposal arose, achieving changes in speed and commissions without affecting the central concept of the crypto active.
Lightning Network Basics
When talking about fundamentals, reference is made to the element that intends to operate as an intermediary between cryptocurrencies and users, facilitating transactions in terms of time and cost.
In this case, it is when the payment channels arise, these are the foundation of the Lightning Network, which works, as its name suggests, as a multi-signature channel where, through private keys, both the sender and the receiver of a transaction can send and receive money if both parties sign approving it.
In short, these channels will allow the approval consensus to be executed between the parties where only the parties involved intervene, achieving a significant time reduction.
These channels will have a limited operating time while the next block is generated; the estimated time in which users can execute instant transactions is 10 minutes; on the other hand, it is essential to mention that these operations are stored in the Blockchain and can be verified subsequently.
Bitcoin Solar Mining
It is another of the aspects considered to reduce the environmental effects, which according to environmentalists, leaves the mining process with a carbon footprint.
In the constant search for renewable energy sources, one of the options is solar panels, which could guarantee the electrical energy required by mining equipment without depleting natural resources or the consumption of traditional electricity.
Many controversies have arisen about this option for mining equipment to consume energy since there is an exciting factor: as long as there is sun, everything will be fine. Still, when there is no sunlight, the charge of these devices will not last the expected time that can meet mining needs.
Conclusion
Both concepts are different since one refers strictly to the computer component and the other to energy consumption. However, the relationship between the two is reflected in the search to maintain a balance between mining, the environment, and the demand for cryptocurrencies worldwide.
It is a matter of experts evaluating the feasible option, where the protection of the environment is ensured and the security of cryptographic operations is.
