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Are there any real world implementations of LN? Can it operate on it's own, or does it need to be a layer on top of a cryptocoin network? What incentive do LN
by canoebuilder 9y ago
Are there any real world implementations of LN?
Can it operate on it's own, or does it need to be a layer on top of a cryptocoin network?
What incentive do LN node operators have to operate?
- VMG 9y agoYes, there are three interoperable implementations https://cdecker.github.io/lightning-integration/ https://cdecker.github.io/lightning-integration/ It runs on top of Bitcoin-like Blockchains that have segwit or something comparable. If you run a LN node you can charge fees for routing payments.
- canoebuilder 9y agoIf I pay for something using LN am I going to find it a superior experience to paying with cash or card, or am I going to find it a cumbersome experience for which I am charged an exorbitant fee?
- VMG 9y agoThe goal is to make it simple and inexpensive. Since it supports microtransactions in the sub-cent range and is irreversible, it would beat credit cards in those regards. The most expensive step would be opening a channel, but there is work on reducing that cost.
- ozmbie 9y agoThere is upfront work (first you need some bitcoin, then you need to make an on-chain transaction to open a payment channel) but after that, lightning payments are trustless, instant, and with small fees (it's designed to support micro-payments). But right now this is still VERY early in development.