"Bitcoin and other crypto price movements can in some ways be viewed as a sideshow that distracts us from the incredible work that is being done in the blockchain ecosystem. If instead of the bitcoin ticker price there was a mirror displaying all the work of developers and start-ups in the ecosystem of decentralized ledger technology, the world would be amazed at just how well we’re doing." said Paolo Ardoino, CTO at Bitfinex.
“The well-documented technological challenges that the protocol faces are being addressed in real time. What we’re seeing with the development of the Lightning Network, a pure peer-to-peer protocol that is extremely scalable, is a high-speed payment layer on top of bitcoin that allows for the issuance, sending and receiving of digital tokens. In this way, Bitcoin can be the home of DeFi. Bitcoin can be the home of digital tokens. "
“Bitfinex is processing thousands of Lightning Network transactions per month, making sending and receiving bitcoins more affordable for retail users. Globally, we are seeing a real use case emerging for bitcoin in the area of payments and remittances, especially in emerging markets. In these areas we see bitcoin already enfranchising those left out of the current financial system. Meanwhile, bitcoin’s place as a safe haven asset and hedge against inflation is gathering strength."
