Elon Musk Says Lightning Network ‘Needed’ to Scale Bitcoin for Now
21 May, 2021•1 min read•Bitcoin
Elon Musk has jumped into the bitcoin scaling debate on Twitter, saying that the layer-2 payments network Lightning is “needed” for now.
Musk has also been responding to a Twitter discussion about bitcoin's energy usage, the reason cited for Tesla's recent U-turn on accepting the cryptocurrency as a method of payment. He proposed that the top-10 mining organisations post audits of the amount of renewable energy used in their operations as one way to tackle the issue.