4 upvotes, 3 direct replies (showing 3)
View submission: ⚡ Lightning Network Megathread ⚡
Probably worth having a point about "Will the lightning network be centralised / censorable?"
I'm not expert enough to know the answer to this one. However my instinct is that it will be fairly centralised. You need to connect to reliable well-funded well-connected nodes, all of these features will apply centralisation pressure :/.
Also:
Is Lightning Bitcoin? Yes.
I thought Lightning works on any concurrency so long as it has immutable transactions? LTC for example.
Comment by lazarus_free at 06/01/2018 at 18:41 UTC
3 upvotes, 1 direct replies
But if anyone can participate and taking a node down simply means you take another path to your destination and taking into account that connections are encrypted like TOR, why would centralisation be a risk?
Comment by TheGreatMuffin at 06/01/2018 at 17:24 UTC
3 upvotes, 0 direct replies
Also:
Is Lightning Bitcoin? Yes.
I thought Lightning works on any concurrency so long as it has immutable transactions? LTC for example.
Yes, Lightning can also work on LTC etc.
Your quote just means that bitcoin on Lightning is exactly the same bitcoin as on-chain
Comment by codedaway at 06/01/2018 at 17:50 UTC
2 upvotes, 1 direct replies
I believe this answers the centralization question