Linked Questions
15 questions linked to/from How does the Lightning network work in simple terms?
0
votes
1
answer
177
views
First step in understanding lightning network [duplicate]
I'm checking https://lightning.network/ and first paragraph of explanation says:
Bidirectional Payment Channels. Two participants create a ledger entry
on the blockchain which requires both ...
- 1,228
43
votes
6
answers
30k
views
Why doesn't Bitcoin migrate to proof-of-stake?
After reading a little bit about different consensus algorithms, I am just trying to understand why Bitcoin still uses proof-of-work. This consensus algorithm being exponentially expensive, and ...
- 874
29
votes
3
answers
6k
views
How are paths found in Lightning Network?
I understand now how multihop payments can work in LN, but how do we discover payment paths in Lightning Network in the first place? Obviously you'd need to take into account the available capacity ...
- 72.6k
25
votes
1
answer
4k
views
What is Transaction Malleability?
The Bitcoin exchange MtGox has stated in this press release that "transaction malleability" caused them to stop sending bitcoins. A recent question asked if it really is an issue. But what is ...
user6049
10
votes
1
answer
2k
views
How is a node in the middle prohibited from keeping the money in a routed Payment in Lightning network?
It is my understanding that Lightning is to scale with users having only few payment channels by leveraging the six degrees of separation theory to facilitate payment routing. I understand how onion ...
- 72.6k
19
votes
2
answers
2k
views
What are the trade-offs between transacting on Lightning Network and Bitcoin mainchain?
Lightning network's first prototype code is online, so it's about time we learn more about what it is. (At least I wish some people would…)
What are the expected trade-offs of Lightning Network to ...
- 72.6k
6
votes
3
answers
316
views
If SegWit only increases the capacity to only 2-4x only. Wouldn't we have the same issue in a few years again?
If I understand correctly. SegWit is one of the solutions to the full 1MB block problem that doesn't require a hard fork. But I've read this only increases the 1MB to maybe about 2-4x only. If that is ...
- 11k
8
votes
1
answer
625
views
What is the Lightning Network proposal? What problem is it trying to solve?
We already have a few questions about technical details of Lightning network, however, …
What is the Lightning network proposal in the first place?
What problem is it aiming to solve?
- 72.6k
7
votes
1
answer
482
views
How are Lightning network, duplex channels, and micropayment channels related?
I'm new to Bitcoin and just became familiar with Micropayment channels. But how exactly do they relate to:
Lightning network
Duplex Micropayment Channels
?
I am reading about these but can't find a ...
- 681
1
vote
1
answer
585
views
Clarification of lightning network example (putting funds into lightning)
I'm checking How does the Lightning network work in simple terms? answer example:
1) Putting funds into Lightning We both send 0.5 BTC into a shared
2-of-2 multisig address. This requires a ...
- 1,228
1
vote
2
answers
106
views
Is there any mechanism in Bitcoin that allows it to dynamically adapt to the flow of transactions?
I've read some books and articles on Bitcoin and feel like I've understood many of its concepts but I'm not able to find an answer to a question I've had for a long time:
How does the Bitcoin network ...
- 113
0
votes
1
answer
160
views
Multiple inputs with one signature
From this question I've learned that a transaction with N inputs requires N sign operations.
But what if there a huge amount of inputs? E.g. I have a coffee shop and I sell 5000 pcs coffee every day ...
1
vote
2
answers
104
views
Is there any tech that uses a signature as a private key?
I've been pondering how the Lightning Network will work when one of the parties in a channel tries to cheat. It seems that publishing a transaction that shouldn't be published (a "bad act") ...
- 793
1
vote
1
answer
80
views
Question about Payment Channels
I was reading the book Mastering Bitcoin written by Andreas about state channels for fast payment processing.
There was a part named "Asymmetric Revocable Commitments" that said: given an ...
- 57
2
votes
1
answer
151
views
Is it possible to reduce the block interval in the future?
Is it possible in future to reduce the confirmation time of the transactions? Can it somehow be reduced to less than 10 minutes? Can it be made faster?
- 21