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Side chain transactions aren't fulfilled until they're broadcast through the blockchain. Most people and merchants do not want to be paid in arbitrary I.O.U.s
by bduerst 11y ago
Side chain transactions aren't fulfilled until they're broadcast through the blockchain.
Most people and merchants do not want to be paid in arbitrary I.O.U.s that take weeks or sometimes months, which is essentially what side chain is.
- alwillis 11y agoPayment channels and the lightning network aren’t side chains. And there are no IOUs; not sure where that came from. Good podcast about payment channels: https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-219 https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-219 And on the lightning network: https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-242-meet-the-lightning-network https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-242-... Lightning Network info site: http://lightning.network http://lightning.network