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RE: The Steemit Daily Dose: @mindhunter Asks Could The Lightning Network Be Used To Build A Dencentralized Steem Exchange Via Atomic Swaps?

in #steemit • 7 years ago

Atomic swaps, hmm sounds like a hassle!
Atomic swaps utilize hash time locked contracts then it leverages the addresses and time locks them. Do I have it right?

7 years ago in #steemit by
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     7 years ago (edited)

    Yes @road2widsom, you have it right, but the benefit of Lightning is that it allows for instant clearing, meaning transactions occur on the spot, with no waiting involved. Lets get rid of Bittrex and go from SBD to Bitcoin INSTANTLY!

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     7 years ago 

    Sounds good, I'm sure its not a flawless technology yet but in a world where everyone wants things fast, I guess its a good thing! I'm sure that's where we are headed you are right!

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