Linked Questions

0
votes
1answer
157 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 ...
27
votes
3answers
5k 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 ...
9
votes
1answer
1k 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 ...
15
votes
2answers
1k 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 ...
6
votes
3answers
277 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 ...
8
votes
1answer
469 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?
5
votes
1answer
415 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 ...
1
vote
1answer
550 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
vote
2answers
65 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 ...
0
votes
2answers
82 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") must ...
2
votes
0answers
93 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?
0
votes
1answer
36 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 ...