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I have no clue, so Lightning is Bitcoin without the Bitcoin and blockchain? Without the blockchain how is it different from a MySQL database table?
by KingOfCoders 5y ago
I have no clue, so Lightning is Bitcoin without the Bitcoin and blockchain? Without the blockchain how is it different from a MySQL database table?
- gruez 5y agoIf someone sends me 1 BTC and the transaction is recorded in mysql, the database operator can revert the transaction and I have zero recourse. That's not possible with lightning. If someone sends me 1 BTC over lightning, then decides to reneg on it by trying to commit an older state of the channel (where they haven't sent me 1 BTC), then my recourse is to rebut that transaction with a newer one.
- KingOfCoders 5y agoThanks!