I'm really looking forward to the Lightning Network and all the efforts being put in by Blockchain.info, Blockstream, and others. But I was wondering if there aren't other options for decentralised scaling besides LN?

In particular, are there are other decentralised+offchain scaling models that have been suggested beside hub-and-spoke?


The obvious one would be side chains, the idea being that the transactions on the side chain would be off the main chain. Most other scaling solutions are either on-chain or centralized. For example, segwit and block size increases are on-chain and using a service like coinbase to move coins off-chain are clearly centralized.

  • Any off chain solutions in the works currently? I would like to see some competition to LN, since LN nodes are said to have to register within the US. – hakunin Nov 8 '17 at 7:50
  • The simplest off chain solution is to have a 2of2 multi-sig wallet with someone who does not share their key with you (and vice versa). Both of you can add to this multi-sig wallet but if you wanted to move the funds out of it, the signature of both you and the other party would be required. Practical example: one has bitcoin but wants to regularly sell little parts to the other side without paying any on-chain fees. All you need is a shared knowledge of how much belongs to each one. For example a PrivateBin bin could be used for that. – Ján Sáreník Apr 28 at 8:40

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.