The blueprints for scaling the bitcoin are beginning to emerge and the Lightning Network may prove to be the answer.

When scaling solutions are implemented which allow billions of transactions to be made per second we will see an economic engine capable of facilitating business at the speed of thought.

The bitcoin lightning network is an off-chain payment channel that provides instant, high-volume micropayments while removing risk of trusted third parties. Recently, we had the chance to ask one of the inventors, Joseph Poon, a few questions surrounding this new technology and how they are planning to use the lightning network to benefit bitcoin users.

Recently, I had the chance to ask core developer Peter Todd a few questions about the controversial BitcoinXT hard fork and what he thinks is the best course of action for scaling the technology.