3 ms·
Don't layer 2 solutions like Lightning Network greatly increase the number of transactions?
by celsoazevedo 6y ago
Don't layer 2 solutions like Lightning Network greatly increase the number of transactions?
- Nursie 6y agoIn theory. In practice lightning channels require on-chain transactions to set up and tear down, and also have (had?) issues with nodes needing to be online for various reasons (including potentially losing the money to the counterparty), and IIRC there were potentially unsolvable routing issues too. They also require significant quantities of bitcoin to be locked into channels to make them work. It seems like a real hack.
- user-the-name 6y agoNope. For lightning to scale, it would have to solve its routing problem, which it has absolutely zero prospect of ever doing. It is an open problem in science, and considered extremely difficult.