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Sidechains and Lightning Network are not the same thing. https://en.bitcoin.it/wiki/Lightning_Network https://en.bitcoin.it/wiki/Lightning_Network https://lig
by tlrobinson 10y ago
Sidechains and Lightning Network are not the same thing.
https://en.bitcoin.it/wiki/Lightning_Network https://en.bitcoin.it/wiki/Lightning_Network
https://lightning.network/ https://lightning.network/
https://bitcoinmagazine.com/articles/greg-maxwell-lightning-network-better-than-sidechains-for-scaling-bitcoin-1461077424 https://bitcoinmagazine.com/articles/greg-maxwell-lightning-...
It's basically a network of "payment channels" you can route instantaneous off-chain payments over, which occasionally settle on the blockchain. And you don't need to trust anyone in the network with your funds.
- bduerst 10y agoSo it's an alt-coin that still requires bitcoin?
- tlrobinson 10y agoNo, you're still transacting in Bitcoin, it's just using fancy smart contracts to allow you to do it (mostly) off the blockchain in a secure way.