The leader of Bitcoin Cash, Roger Ver, offered OpenNode, a notable software company building BTC’s lightning network, $1.25 million to work on payment processing for Bitcoin Cash (BCH).
Ver’s investment offer comes off the back of Tim Drapers $1.25 million investment into OpenNode’s BTC lightning network. According to Ver, Draper is a brilliant investor but is making a huge mistake.
Would Lightning Network work better on Bitcoin Cash?
Ver believes BTC’s lightning network will take decades to onboard people and says in a video on the matter that building the lighting network on Bitcoin Cash with its larger block sizes, will make it work far better.
He says for the lightning network to onboard 10 billion people, it would take over 100 years on Bitcoin and only 40 years on Bitcoin Cash.
Ver came to this conclusion by providing a makeshift analysis filled with unrealistic assumptions that both Bitcoin, Bitcoin Cash, and the lightning network will be stagnant with no upgrades…