4 ms·
Right. The solution to small transactions is to use another thing which is not Bitcoin (although I suppose if you felt like it you could denominate it in Bitcoi
by Robotbeat 6y ago
Right. The solution to small transactions is to use another thing which is not Bitcoin (although I suppose if you felt like it you could denominate it in Bitcoins without settling the transaction...). And/or compromise on the decentralized trustlessness thing.
- spmurrayzzz 6y agoWell thats not entirely true. Lightning network _does_ use bitcoin smart contracts settled on-chain as a way to provide more liquidity for efficient payment routing. So it is bootstrapped to the same decentralization/trustlessness (mostly). The analogy here is that its like saying: using TCP (layer 4) for transport reliability isn't giving up on IP (layer 3), its building on top of it. You still get the benefits of the basal level protocol.