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RE: Smart contracts on the Lightning network?

in #bitcoin • 6 years ago

Rootstock is the future I see for Bitcoin for smart contract adoptiom but competition is always good so lets foot for both projects.

6 years ago in #bitcoin by
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     6 years ago 

    Yeah Rsk is pretty cool. I made a small caparison

    Lapps are another name for Lightning apps and are kinda like Dapps. The Lightning network(LN) is kinda like a giant smart contracts for payments but utilizing that feature-apps can be built on the LN. LN nodes connect to these apps and maintain the payment in a decentralized structure. Every user can connect to the apps in a cheap manner. You in theory can run a LN node on your phone!
    Is it better than Dapps yes and no. For one LN uses bitcoin so the apps can't make its own token well....unless Counterparty truly can use the LN for its token. That a story for another time. :)
    And second, in a way LN apps need people to run it. In Dapps the apps are in the chain so now need of finding its own node-it shares it with others. LN apps are more scaleable than Dapp ie the Lapps don't store the data. Lapps are also more basic.

    Roostock could be used more for running the app but the scalability needs to be much greater but i see huge potential for it.

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