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February 27, 2016, 07:02:27 PM |
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I would like to see more discussion of The Lightning Network in the forum. The basic idea is trustless chains of Hash-Locked Contracts, for smaller transactions, in off-chain channels. It appears to solve scalability problem. It could even be used as an argument to REDUCE the size of blocks, instead of increasing them (on the blockchain). If block sizes were smaller, this would create a time-delay in on-chain transactions, and thus a strong incentive to use the off-chain channels for smaller transactions.
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