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QuantumAGI
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Will there only be ONE "Lightning Network"?

Thu Sep 24, 2015 12:52 pm

As I understand it the Lightning Network(s) is the "super case" (multiple hops) MADE POSSIBLE due to protocol extensions to Bitcoin. Any particular "Lightning Network" does not necessarily have to be an integral part of Bitcoin. For instance, it should be able to use these same protocol extensions in more limited scenarios e.g. browser or wallet plugins to integrate with a single web site, your ISP, Skype, Netflix, eBay, PayPal, Porn.com, your bank (short term), etc. :ugeek:

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JordanT
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Re: Will there only be ONE "Lightning Network"?

Sat Sep 26, 2015 2:35 pm

There will probably be a number of networks, and a number of payment hubs.

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btc
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Re: Will there only be ONE "Lightning Network"?

Sat Sep 26, 2015 8:23 pm

As I understand it the Lightning Network(s) is the "super case" (multiple hops) MADE POSSIBLE due to protocol extensions to Bitcoin. Any particular "Lightning Network" does not necessarily have to be an integral part of Bitcoin. For instance, it should be able to use these same protocol extensions in more limited scenarios e.g. browser or wallet plugins to integrate with a single web site, your ISP, Skype, Netflix, eBay, PayPal, Porn.com, your bank (short term), etc. :ugeek:
think of the lightning network as a spoke and hub dealy. or like minisql servers in front of bitcoin ledger.

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