3 ms·
Roughly: LN allows you to transact instantly, but with a limited group of people (it takes one normal bitcoin transaction to setup your group, but then transact
by martindevans 11y ago
Roughly: LN allows you to transact instantly, but with a limited group of people (it takes one normal bitcoin transaction to setup your group, but then transactions are instant). Whereas bitcoin allows you to transact slowly (block confirmation time, i.e. ~10mins) with anyone.
- pstrateman 11y agoActually it lets you transact instantly with anybody you can construct a route to. That should be essentially everybody with even a pretty loosely connected graph.
- mrblockchain 11y agoHow do you know? There isn't even a working prototype yet!