But wait, there's more! Just wait for Coinbase to activate Segwit! Fees will be so low on chain, almost zero on the Lightning Network. Thanks for the good news!
But wait, there's more! Just wait for Coinbase to activate Segwit! Fees will be so low on chain, almost zero on the Lightning Network. Thanks for the good news!
I keep hearing good things about this Lightning Network. I hope it will be a good solution for speeding up transactions over the bitcoin blockchain.
LN is like iota on steroids. Kinda. LN nodes in theory can do billion tps between each other so more LN nodes more "billion" transactions can be done. The Ln then function basically like a more secure decentralized hot wallet. Hot wallet= transaction use only The problem will come is getting the bitcoin on the chain aka you have to top up the LN by main chain transfer to multisig wallet. But with segwit and providers just paying for the bitcoin to get on, most bitcoin transfers will be done on LN and be near free.
Thanks for your technical explanation!