Re:Avg. Transaction Fee of Bitcoin Surpassed the Peak from 2017
by hapticmonkey on Thursday April 22, 2021 @09:55PM
(#26910247)
The key difference is this infrastructure is 100% trustless. Bitcoin transactions are backed by proof-of-work, and Lightning transactions are backed by HTLC (hashed timelock contracts) which are in turn backed by the proof-of-work. Think of the blockchain more like a settlement layer and the Lighting network an everyday transaction layer.
That's the current goal of the developers of these systems, anyway.
That's the current goal of the developers of these systems, anyway.