RE: New video: What are payments channels? (quick explanation of how the Lightning Network works)

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New video: What are payments channels? (quick explanation of how the Lightning Network works)

in bitcoin •  7 years ago 

Good questions! You can embed metadata in Bitcoin transactions today using OP_RETURN. There's even a website dedicated to it: http://coinsecrets.org/

With Lightning it's still a Bitcoin transaction so you could do something similar, or there's potential for adding an additional "off-chain" metadata layer on top of the signed transactions as well... definitely an interesting use case that would help avoid blockchain bloat too :)

bitcoin
7 years ago by

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