2 ms·
In the worst case (1 tx per channel) LN would actually double the # of tx. I am really looking forward to LN being really tested, but the thing that worries me
by placeybordeaux 9y ago
In the worst case (1 tx per channel) LN would actually double the # of tx.
I am really looking forward to LN being really tested, but the thing that worries me is that the security model relies on txing before a certain block. If we see a large amount of the traffic move from on chain to LN then we could get ourselves into a situation where there is a run on the chain to close channels. If there is a large market maker that attempts to steal from a channel that is being used to route many others we could see a mass closing of channels which could push the fees high enough to make it cost prohibitive.
LN isn't a panacea it actually changes the security model.