2nd layer solutions


Bob Rutherford

July 20

For a government to consider bitcoin a legal currency, they need to be able to implement anti-money laundering (AML) and know-your-customer (KYC) laws to protect their citizens. The crypto community is pushing for improved privacy. The lightning network is one example: this "second layer" solution allows transactions to occur off-chain in major blockchains like Bitcoin and Ethereum. While this may not provide full anonymity, it does allow for transactions that aren't stored on the blockchain main net.

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