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by CharlesW
2040 days ago
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> I understand, the P2P layer has moved to lightning layer atop Bitcoin. Works very well. I can appreciate how off-chain overlays can allow Bitcoin to achieve transactions at scale. What I don't quite get is why this kind of recentralization[1] is good for Bitcoin. It feels like the endgame may be a kind of "worst of both worlds" solution — no longer decentralized, but still not as efficient as centralized solutions. Unless: Can Bitcoin users prevent off-chain transactions, to avoid Lightning? [1] "10 percent of [Lightning] nodes control 80 percent of funds on the network." https://www.coindesk.com/bitcoins-lightning-network-is-growi... |
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