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Lightning solves the fundamental problem that a blockchain can’t scale to support the number of transactions needed. A block size limit increase can only get yo
by erentz 9y ago
Lightning solves the fundamental problem that a blockchain can’t scale to support the number of transactions needed. A block size limit increase can only get you so far. The block size will still need to increase with lightning at some point but it’ll be many orders of magnitude less.
Under lightning who is this new group that confirms transactions you’re concerned about? At the moment hashing power is fairly well distributed on the Bitcoin blockchain, not at all well on BCH. For lightning transactions there could be thousands of “people” you can decide to open a channel with. You can set up your own nodes if you wish.