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.
Atomic swaps could also open the door to Bitcoin LN and Monero LN atomic swaps down the line, tying together liquidity from both payment-channel networks in the distant future.
In the meantime, #JustUseMonero. Fast, private, cheap digital cash.
In the meantime, #JustUseMonero. Fast, private, cheap digital cash.
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