The lightning network works almost the same as the banking system

in bitcoin •  7 years ago 

Imagine you have person who says: "I will be a bitcoin bank. Deposit your coins with me, and I will make sure to transfer your payments to other banks who service other users."

You probably recognize this scenario?

The only serious difference between lightning banks and fiat banks, is that the cryptography behind the lightning network prevents lightning banks from stealing your money, while with fiat banks, you would have to trust them.

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