John Deaton, a lawyer and cryptocurrency supporter, has criticized the Bitcoin Lightning Network, stating that it is less effective than the “Spend The Bits” protocol on the XRP Ledger. Deaton, who is an angel investor and chief legal officer for Spend the Bits, has previously praised the protocol as a more secure alternative to Lightning. His remarks come amid concerns about alleged backdoors in the Lightning Network’s code, which could potentially compromise network security. These concerns have raised doubts about the network’s resilience and long-term viability.
