How The New York Times Could Have Used Lightning To Make Millions Of Dollars Today

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This is an opinion editorial by Ram, a twenty year old student, soldier and storyteller.

New York Times stock photo

Image Credits: samchills on Flickr under a CC BY 2.0 license.

To understand why the New York Times could have made so much more money last year, it’s worth appreciating micropayments in the context of the Lightning Network.

We usually think of Lightning as a Bitcoin scalability solution as it makes everyday payments in bitcoin viable. Essentially, Lightning is a protocol built on top of the main Bitcoin network, and here, transaction costs are significantly lower and payment speeds are much, much faster. In fact, Lightning is significantly more efficient than even Visa and Mastercard.

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