Re:Bitcoin's Enormous Energy Costs May Prove to Be Its Bigge...
by AgentME on Thursday November 09, 2017 @04:11PM
(#15665908)
Payment channels and LN don't introduce trusted 3rd parties or counterparty risk.
Payment channels weren't discussed in the whitepaper, but Satoshi discussed and attempted some payment channel designs[1]. He left before coming up with a secure payment channel design. Recent improvements to Bitcoin, including the transaction malleability fix included in the recent segwit upgrade a few months ago, finally make secure payment channels feasible.
Payment channels weren't discussed in the whitepaper, but Satoshi discussed and attempted some payment channel designs[1]. He left before coming up with a secure payment channel design. Recent improvements to Bitcoin, including the transaction malleability fix included in the recent segwit upgrade a few months ago, finally make secure payment channels feasible.
[1] https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-fr...