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Another well-known potential solution is called the Lightning Network, which aims to do most transactions “off the blockchain” to avoid the fees and delays of transactions put on the blockchain. Each pair of people tracks their payments to each other on a digital scratchpad; they only “settle” their balances once in a while.

Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies

Bitreserve, Halsey Minor’s in-house system in which account holders can send digital dollars, yen, or euros to each other at no cost.

Paul Vigna , Michael J. Casey • The Age of Cryptocurrency

To understand the significance of a technology for digital cash, it is instructive to look at the world before Bitcoin was invented, when one could neatly divide payment methods into two distinct non‐overlapping categories:

Saifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking

Non-Fungible Tokens (NFTs)

sari and • 301 cards

therefore necessary to introduce some elements of centralization and complexity as a stopgap pending more widespread consumer adoption of cryptocurrency. Thus, when examining the primary financial relationship Koji facilitates—that between an audience and a creator via web-based in-app purchases (a simple example of which would be a tip jar app)—we... See more

Koji • Spheres of Self: Performativity and Parasociality in the Metaverse

Even as this limit is reached and its presence is well‐publicized, the growth in the value of the currency and the value of daily transactions has not abated. This suggests that Bitcoin adopters value it more as a store of value than a medium of exchange, as will be discussed in Chapter 9

Saifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking

As the first form of digital cash, Bitcoin's first and most important value proposition is in giving anyone in the world access to sovereign base money. Any person who owns Bitcoin achieves a degree of economic freedom which was not possible before its invention.

Saifedean Ammous • The Bitcoin Standard: The Decentralized Alternative to Central Banking

In a peer-to-peer system, the same transfer would be much simpler

Daniel Drescher • Blockchain Basics: A Non-Technical Introduction in 25 Steps

Rossiello sees bitcoin as a way to spark not just a financial revolution in Kenya, but a technological one as well. The idea is that cryptocurrency fosters innovation, as we’ve seen in San Francisco and other places. She has started a meetup culture and teaches coding to schoolchildren.