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Not sure where all of this “Lightning Network will destroy all outside of #Bitcoin” is coming from lately, but important reminder that if LN succeeds, it can be implemented on #Monero:
eprint.iacr.org/2020/1441.pdf
Monero has *proven* itself capable of implementation of improved tech
eprint.iacr.org/2020/1441.pdf
Monero has *proven* itself capable of implementation of improved tech
This is a big “if”, as there are still serious issues with the LN protocol that, to my knowledge, have yet to be fixed:
arxiv.org/pdf/2002.06564…
arxiv.org/pdf/2003.12470…
arxiv.org/pdf/2006.08513…
eprint.iacr.org/2021/384.pdf
arxiv.org/pdf/2002.06564…
arxiv.org/pdf/2003.12470…
arxiv.org/pdf/2006.08513…
eprint.iacr.org/2021/384.pdf
But if all of those issues are able to be resolved (among others), Monero can implement LN on top of a private and scalable base-layer, which would make it *better and cheaper* than LN on Bitcoin.
Bitcoin has proven it cannot iterate, Monero has proven the opposite.
Bitcoin has proven it cannot iterate, Monero has proven the opposite.
