Ethereum’s Solidity is more vulnerable than the programming language employed by Bitcoin. There are already successfully active applications carrying out their activities on the Bitcoin Lightning Network.
Ethereum is usually acknowledged as the most significant network to lead applications thanks to the versatility regarding the generation of smart contracts; however, Bitcoin’s Lightning Network (LN) is boosting its pace of development and could end up putting Vitalik Buterin’s network aside in this area.
Bitcoin, a more balanced and decentralized platform than Ethereum, should be the best ally of developers and Web3 networks. However, the ether network (ETH) has an apparent advantage over its development language, Solidity.
A language such as Solidity is much more versatile, complete, and friendly for creating smart contracts. Hence, most applications and projects that apply altcoins get connected to Ethereum and one of its side chains.
Despite the advantage that Ethereum has over Bitcoin, the Lightning micropayment network got highlighted as an alternative option for those who prefer the technology created by Satoshi Nakamoto. And, Solidity still has many flaws. Currently, the ETH language is as versatile as it is vulnerable to dealing with attacks. C++, on the other hand, appears to be safer.
Many tools build the third layer of Bitcoin or L3. It is called L3 since Bitcoin, as the first network, is the first layer. The second layer is the Lightning network, which, due to its transfer speed and low fees, is ideal for being the fundamental tool for other solutions with cryptographic technology.
A vast group of applications and tools got created with a focus on the Bitcoin Lightning micropayment network, making Bitcoin enthusiasts reflect on the capacity of this second-layer solution.
DeFi with Bitcoin on the Lightning Network
Atomic.Finance made its first job on the Ethereum network. However, Ethereum did not offer them the required balance for a project like the one the developers had in mind in the long term.
The Atomic finance team, intending to circumvent possible struggles linked to Solidity flaws, Ethereum’s transition to Proof-of-Stake (PoS), and the apparent requirement to deal with another token to obtain more liquidity, preferred Bitcoin and Lightning.
The app is currently in a beta stage of closed-door testing, and only a limited group of people have access to its features. However, this platform got created to offer its users the ability to use a wide range of financial strategies to profit from their BTC investments.
By: Jenson Nuñez
