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3 votes
1 answer
551 views

Can someone please explain how Lightning paths are working and what effect large centralized hubs have?

Can someone please explain how Lightning paths are working and what effect large centralized hubs have? Dear community, I have read some stuff about lightning and i am really interested to ...
johnsmiththelird's user avatar
0 votes
1 answer
463 views

Removing "hub-and-spoke" property of Lightning Network?

Lightning Network is based on this idea: "Near-zero fee transactions with hub-and-spoke micropayments" (Link to the article) proposed by Peter Todd. An article entitled: "Mathematical Proof That the ...
Questioner's user avatar
  • 1,126
0 votes
1 answer
114 views

Is routing approach of Bitcoin Lighning Network "decentralized" and "trust-less"?

From the Bitcoin Lightning Network: it is possible to find a path across the network similar to routing packets on the internet. Is routing approach of Bitcoin Lighning Network performed in a "...
Questioner's user avatar
  • 1,126
14 votes
2 answers
4k views

Is Lightning Network a risk for Bitcoin security since it reduces miner fees?

does LN represent a risk for the Bitcoin ecosystem since it will reduce miner fees (the only income they'll have in a post-btc-minting world) and displace them into second layers? I couldn't find any ...
joe.js's user avatar
  • 592
15 votes
3 answers
3k views

Is centralization in the Lightning network inevitable? Why (not)?

Especially keeping in mind the possibility of single-funded channels (see Tadge's Google Doc Slides), buying from an exchange and concurrently opening a payment channel on the Lightning network would ...
Murch's user avatar
  • 77.8k