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Bitcoin has many bottlenecks, including scalability, privacy, efficiency and usability issues that keep it from mass adoption. Bitcoin GL2 (Green Layer 2) uses a new "digital cash" technology that provides the "killer" app to make Bitcoin usable for all purposes. Today, the average Bitcoin transaction is for $130,000. Companies like Tesla had "stopped accepting Bitcoin due to the environmental impact - and environmentalists actually boycotted Bitcoin. Transactions take over 12 minutes to process and only seven transactions can be handled each second. Experts agree that Bitcoin cannot solve its own scalability issues and needs some kind of "Layer 2". Consider a large company needing to make payroll for its 30 thousand employees. Using the Lightning network, there would not be enough liquidity in that network to handle such payments. With the lightning network, if there is not enough liquidity available to you on the routes that you can see, it is imposible for you to route the payments. The lightning network handles more payments in parallel than Bitcoin but not more of your payments from your wallet. You are still limited on how many requests you can send and it may take more than days to send 30k payments. The lightning Network is not free. If you want to send big payments (over $1,000) you will pay big fees (even more than Bitcoin native). Bitcoin and the Lightning Network is not a viable solution today-and today is when we want Bitcoin to be valuable. Bitcoin's shortcomings keep the price lower than it should be and forces crypto users to switch to alternative currencies that have better performance characteristics. This costs Bitcoin holders like you huge amounts of money. LAYER 2 NETWORK ARCHITECTURE: There are now three "Layer 2" archetectures that can be used: Client Server, Peer to Peer and now the one used by Bitcoin (GL2 RAIDA). Centralised Client-Server for off-chain transactions: The client-server archetecture offers excellent performance. This is what most cryptocurrency exchanges use. Other payment systems also use client-server, including PayPal, Apple Pay, Visa, Mastercard and most banks. These systems use ledgers to keep track of who has what money. However, these systems have major problems. There is a total lack of privacy, as all transactions can be monitored and recorded. These systems can be made unavailable by hackers, governments, tech tyrants, code errors and even system administrators. Client-server archetecture destroys the value we get from using cryptocurrencies and is not a solution to Bitcoin's Layer 2 needs. Peer-to-Peer Payment Channels (Lightning Network): The "Peer-to-peer archetecture is decentralized, but slow, and is used by Bitcoin and the Lightning Network. The Lightning Network has been hailed as a possible solution to Bitcoin's scalability issues. It also addresses privacy issues.Fees and energy use are reduced. However, the Lightning Network does not solve all the problems and it does not solve any problems completely. In addition, it is not ready for mass adoption and will not be ready any time soon. With the Lightning Network it makes Bitcoin more tolerable but the bottleneck still exists, and the price of Bitcoin suffers because of it. While the average Bitcoin transaction is $130,000, the Lightning Network can hardly handle $999. When Bitcoin is sent across a multi-channel network, every single one of the multi signature wallets must have more BTC than the amount being sent. This makes Lightning useless for the majority of users. Also, "adjacent" nodes can be monitored. This has created privacy issues and invites a stampede of companies that make their money from monitoring the custodial wallets through so-called "Watchtower nodes". A new archetecture called "RAIDA" provides both decentralisation and high speed. The "Redundant Array of Independant Detection Agents" is used to detect counterfeit digital cash and is used in the sports memorabilia area also. What's new about this archetecture is that it uses hundreds of servers that do that same thing. These servers are in different legal jurisdictions and run by different legal administrators. They run on different networks, on different hardware, and even on different operating systems. There are three different versions of the Bitcoin GL2 code written in 'C', Rust and Assembly languages. There is no systemic risk of failure. For anyone to successfully alter the integrity, they would need to compromise 36 RAIDA clouds all at once before the system had time to notice the hack and make corrections. The client talks to RAIDA in parallel using the UDP transport protocol, and confirmation is received in .5 seconds! This is faster than it takes to finish a TSL handshake or make a DNS request. The RAIDA has "Data Supremacy" as well as high performance. The RAIDA Solution: GL2 (Green Layer 2)- Bitcoin GL2 uses the RAIDA archetecture and has been under development since 2016 - and CloudCoin has handled billions of transactions with no downtime since the coin went live in March 2017. The technology behind Bitcoin GL2 is based on the "Theory of Perfect Money" and is the first true digital cash. People physically posses the coin files and there are no user accounts, no passwords, no logins, and no transaction records. The money files are distributed among all the users just like cash. The money must simply by authenticated by the new owner to check if it is counterfeit. Because users do not have to open an account to receive Cloudcoins, the potential ability to grow the network is enough for it to go viral. There is no"password wall" to block people and coins can be received by email. Most importantly, there are no fees because the network is run by volunteers. Cloudcoin is currently the fastest payment system in the world and is the most private currency and the easiest to use and still free. There is a good video on how it works here: https://youtu.be/MNq2TwmS8Mc The Bitcoin GL2 Coin is a file with a serial number and twenty five random authenticity numbers (passwords). If I want to buy something from you, I will give you my file. Now we both know the passwords. Anyone who knows the passwords can change the passwords. After you change the passwords, you are the new owner because only you know the passwords. You did not need to log in, pay fees, or record the event. Because authentification is a simple update proceedure requiring only a few machine instructions, Bitcoin GL2 can handle more transactions faster than any other payment system, including Visa. This technology is patented. When a user wants to change Bitcoin GL2 to Bitcoin, they send coins to the RAIDA and the RAIDA contacts the depository and after a majority of RAIDA act, the coins are moved to the user's BTC wallet. Why GL2 is better: RAIDA Tech developed a "Theory of Perfect Money" which states that monetary systems are information systems and information systems and money is data. The three essential ingredients of a monetary system are the same as any information system; Confidentiality, Integrity and Availability. Bitcoin must become lean and "Green" and that is just what GL2 does! People don't like fees and that is why lots of people stick to cash. GL2 is the only payment system that is efficient enough to not require fees! GL2 can be used with a debit card and used over popular platforms such as Discord. Because users do not have to sign up for accounts, and there is no logins, it is easy for people to get involved. People don't need to be sent wallet, they can be sent coins. Bitcoin GL2 is quantum computer safe and could act as a "life raft" currency if Bitcoin were to be compromised by quantum computers. That is to say, if Bitcoin was destroyed by quantum computers, the Bitcoin GL2 could keep going with all the users keeping their assets. Bitcoin GL2 has been called one of the five most energy efficient currencies in the world. It is true digital cash, as the data is held by the thousands of people who own it. This system has already been implemented in a currency called CloudCoin. The GL2 is expected to complete its initial development in March 2023 and will allow for massive Bitcoin adoption NOW! SEAN WORTHINGTON Lead Scientist at RAIDA Tech and the inventor of CloudCoin
