Musk: It's difficult to use Bitcoin on Mars as transaction settlement requires a lot of time
After the SEC approved the Bitcoin spot ETF, Musk participated in a Twitter Space hosted by Ark Invest CEO Cathie Wood. Musk stated that perhaps you can use Bitcoin to some extent, but it would be difficult to use it extensively on Mars because settling transactions requires a lot of time. Musk agreed with Matt Corallo, a core developer of Bitcoin, that the problem of slow Bitcoin transaction speed could be solved through localized lightning networks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 10.3681 million SYRUP transferred from Syrup.fi, routed through intermediaries and flowed into Wintermute
Sahara AI: No unlocks or security incidents have occurred, investigation into abnormal market fluctuations is ongoing
CertiK: Approximately $127 million in confirmed losses from attacks, hacks, and scams in November
Data: Jeffrey Huang continues to increase his long positions in HYPE, with holdings surpassing 100,000 tokens
Trending news
MoreCrypto prices
More
