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Results tagged with lightning-network
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user 5292
A peer-to-peer payment system leveraging unbroadcast pre-signed transactions to track user balances.
13
votes
Accepted
What are the trade-offs between transacting on Lightning Network and Bitcoin mainchain?
Below describes these points during what's planned to be normal operation. Once a channel needs to be torn down because of a problem with one of the nodes (evil or accidental) some of these answers ar …
- 6,354
3
votes
Accepted
Is Lightning Network vulnerable to sybil attacks?
Not true.
You have funds locked into a multisig wallet with party A, B and C. There's nothing to Sybil there: the funds have been transferred and only you and them have keys.
Then you want to transf …
- 6,354
3
votes
Is transaction malleability the only consensus issue that needs fix to allow lightning network?
BIP62 has been scrapped and will never be implemented. Instead a much better solution with many more advantages, Seggregated Wittness, has been developed and is currently being rolled out. Its finishe …
- 6,354
1
vote
How does one manage the shifts of Channel Balances in the Lightning Network
It's actually a non problem deliberately set up in this video as a strawman. Professionally produced FUD.
In practice you're very unlikely to have a direct channel with the specific store in the firs …
- 6,354
1
vote
Required conditions to be selected as intermediary node (Payment Service Provider) in Lightn...
Note that this video is made by shitcoin paddlers trying to spread FUD. If I remember correctly the further episodes are much much worse.
"There's no way to add more beads or take off a portion of …
- 6,354