BTC Lightning Network Outperforms Visa & Mastercard in Commission Costs

🚀 Welcome to DeFi Town’s daily update! In today's edition, we're bringing you the latest news and insights from the world of cryptocurrency and decentralized finance.

🔥 What's hot today 🔥

1️⃣ Bitcoin Lightning Network Outperforms Visa & Mastercard in Commission Costs

2️⃣ DeFi Adoption Fuels zkSync Growth as 1inch Deploys on Ethereum Layer-2 Platform

3️⃣ Gemini Expands in Asia with India Engineering Hub and Regional CEO

4️⃣ Warren Buffett Missed Out on a 320,000% Potential Gain by Ignoring Bitcoin

🌩️ Bitcoin Lightning Network Outperforms Visa & Mastercard in Commission Costs 🌩️

Recent data from Glassnode shows that the Lightning Network, a layer-2 payments solution built atop Bitcoin, is 1,000x cheaper than traditional payment networks like Visa and Mastercard. The median fee rate for the Lightning Network is currently 0.0029%, significantly lower than the 2-3% charged by legacy payment systems.

🚀 DeFi Adoption Fuels zkSync Growth as 1inch Deploys on Ethereum Layer-2 Platform 🚀

Decentralized finance protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era, joining a growing list of Ethereum-based platforms utilizing the zero-knowledge proof-based scaling platform. The deployment is expected to provide faster trades, better rates, and lower transaction slippage.

🇮🇳 Gemini Expands in Asia with India Engineering Hub and Regional CEO 🇮🇳

Cryptocurrency exchange Gemini is tapping into India's pool of top tech talent by establishing a new engineering hub in Gurgaon. The hub will develop web and mobile user experiences, platform compliance, data pipelines, and other features for Gemini's NFT and crypto asset marketplaces. The company is actively hiring talent in India and expanding its business teams in India and Singapore.

💰 Warren Buffett Missed Out on a 320,000% Potential Gain by Ignoring Bitcoin 💰

Despite Warren Buffett's infamous dismissal of Bitcoin as "rat poison squared," data shows that adding Bitcoin to a portfolio of Berkshire Hathaway, Microsoft, JPMorgan, and BlackRock stocks would have produced better returns. Since 2014, allocating just 2.5% of the portfolio to Bitcoin yearly would have increased returns by nearly 20% with reduced risks.

Conclusion

That's it for today's Crypto & DeFi Daily Digest. We hope you found this information helpful, and as always, we appreciate your support. Stay tuned for tomorrow's edition, and happy investing!