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Title: Is Lightning Network going to make any difference? Post by: majest3 on January 27, 2018, 05:50:19 AM The Lightning Network concept sounds like a great idea - Faster transaction and real cheap fee's.
My understanding is that each wallet that the transfer of Bitcoin goes through , has to have the same balance of BTC or more, as that of the coins being sent. I don't see a problem with that as long as all wallets have at least one Bitcoin in them, but how many wallets actually have that? I don't know how accurate this is but it seems to correspond with previous estimates l have seen, in regards to wallet balances. http://www.blocklink.info/distributions.html Based on this info you can see that approx 90% of all wallets have less than 1 Bitcoin in them. 60% of them have less then 0.10 BTC. If this is the case how will the lightning network work effectively? A transfer of 0.20 BTC will mean that 70% of all wallets will not have enough funds in them, for the hops to happen. Am l missing something? |