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Doesn’t the lightning network help centralize the bitcoin platform in exchange for efficiency and speed?
by chaostheory 5y ago
Doesn’t the lightning network help centralize the bitcoin platform in exchange for efficiency and speed?
- ibz 5y agoHow so? It doesn't trade decentralization for speed, but rather it just achieves speed in another way (requiring on-chain consensus only on channel open/close rather than every transaction). The decentralization is still there, except it moves from miners to nodes run by users. Am I missing something obvious?
- chaostheory 5y agoBecause not all nodes are equal. 10% of the nodes are responsible for 80% of the transactions.