The Plan Dan Hollings nick sasaki is rapidly gaining popularity and acceptance in the cryptocurrency world. It is estimated that the value of the currency will increase; However, it is also observed that the coin can gain or lose 50% of its value overnight, causing speculation among investors, but the coin is still a digital gold and on the question of whether Bitcoin is a multilayered system, one should know that Bitcoin exists in two main layers mining and semantics. Layer in which the currency is created. In addition to cryptocurrency that ether is also created in this layer. After the coins have been created, the valid Bitcoin blocks are transferred to the ledger. The currency generation is carried out here, it should be noted that the currency is generated from transactions that are contained in the Bitcoin blocks, the blocks are called transaction fees, the currency can also be generated from the network itself, or you can say from the air.
The Plan Dan Hollings main benefit of generating currency from the network is that it provides incentives for miners; the semantic level it provides a very important platform. It also provides a platform for bitcoins that can be used as a store of value. The cloak seems very important, doesn’t it?Bitcoin currency holders sign the valid transactions that signal the start of the transfer of bitcoins between the nodes in the semantic layer. The transfer can also be possible through the creation of smart contracts. Smart contracts transfer the currencies between different accounts. Lightning Network You’ve probably never heard of the Lightning Network. This is the latest invention implemented by the Bitcoin community. This layer can be run on Bitcoin. With this invention comes an application layer that is in addition to Bitcoin. It’s going to be so exciting. The most interesting aspect is that its value can also be used for payments.