Lawyer and cryptocurrency supporter John Deaton has criticized the Lightning Network, deeming it less effective than the “Spend The Bits” protocol on the Ledger (XRPL). Lightning is a layer-2 scaling solution for . It is designed to improve the scalability and efficiency of Bitcoin (BTC) transactions by enabling off-chain, peer-to-peer transactions.
In an Oct. 21 X (formerly Twitter) post, Deaton revealed he is an angel investor in Spend the Bits, as well as its chief legal officer.