XRP Advocate Critiques Lightning Network, Calls for Adoption of Competing Spend The Bits Protocol
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John Deaton criticized Lightning Network, calling it less effective than Spend The Bits protocol on XRP Ledger.
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Deaton revealed he's an angel investor and legal officer for Spend The Bits.
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Concerns raised about alleged backdoors in Lightning's code that could give attackers network control.
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Lightning Network capacity has dropped 15% in past 3 months, sparking doubts about resilience.
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Upcoming developments include Bitcoin "supercomputer" and BTC DeFi products.