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> Does the lightning network need Bitcoin to work or is it just Venmo? It is built atop of bitcoin and provides as much safety as bitcoin itself, with one sing
by danlugo92 5y ago
> Does the lightning network need Bitcoin to work or is it just Venmo?
It is built atop of bitcoin and provides as much safety as bitcoin itself, with one single exception: you cannot be offline for more than a week.
It's a fair tradeoff you have to take in order to instantly transfer trillions of dollars for cents worldwide.
- defaultprimate 5y ago>provides as much safety Not even close https://www.investopedia.com/tech/bitcoin-lightning-network-problems/ https://www.investopedia.com/tech/bitcoin-lightning-network-... https://cryptowhale.medium.com/why-the-bitcoin-lightning-network-is-satoshi-nakamotos-worst-nightmare-8402be4a4e73 https://cryptowhale.medium.com/why-the-bitcoin-lightning-net... https://www.forbes.com/sites/billybambrough/2020/07/09/bitcoins-lightning-network-is-struggling-to-overcome-fundamental-issues/?sh=5602918a5f77 https://www.forbes.com/sites/billybambrough/2020/07/09/bitco...