Microsoft has concluded that so-called βlayer 2β solutions are necessary for Bitcoin to scale and is βcollaboratingβ on the technology. Microsoft: On-Chain Fails To Meet Capacity Needs In a blog postΒon Monday Director of Program Management at Microsoftβs Identity Division Alex Simons said that layer 2 scaling solutions which principally involve the Lightning Network are superior to on-chain scaling. Simons writes: While some blockchain communities have increased on-chain transaction capacity (e.g. blocksize increases) this approach Read More The post Goodbye Bitcoin Cash? Microsoft: On-Chain Scaling Degrades Decentralization appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/farewell-bitcoin-cash-microsoft-chain-scaling-degrades-decentralization/