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Lightening network and side chains, are two of the technologies that do this, and neither compromise decentralization or censorship resistance or security. In
by rothbardrand 9y ago
Lightening network and side chains, are two of the technologies that do this, and neither compromise decentralization or censorship resistance or security. In fact, they enhance those qualities.
- kobeya 9y agoTo be clear, sidechain transactions are just transactions on another chain. I wouldn’t call that off chain as it actually introduces more transactions (to move across the peg).
- rothbardrand 9y agoIt's less transactions. Imagine you're paying your cable bill.. you can move some value to the side chain (one transaction) then make 12 monthly transactions-- on the side chain, so off the main chain--and then after cancelling move the balance back to the main chain (second transaction) Thus 14 transactions become 2.
- kobeya 9y agoThe amount of on chain transactions supported by a global mining network is fixed. You can’t just keep adding side chains or else you will run into the same scaling limits.