Lightning network - fast and low fees

in lightning •  7 years ago 

Lightning network is well complicated and has lots of code to deal with transactions within
the network so if a banking hub (in theory) goes bad you can broadcast to the BTC network
to get you money back

See white paper https://lightning.network/lightning-network-paper.pdf

what people are not getting about lightning is that just because you deposit your
money at the bank in a ledger it is not the banks money (You can get it back) and the bank has to forward
it own money out from a separate ledger on to the next bank before Alice gets paid

See http://forum.cryptolivecap.com/posts/t31-Lightning-Network
Dave is this case is the bank or watch

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order: