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Author Topic: Lightning Network: addresses  (Read 710 times)
pianist
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September 02, 2016, 04:23:20 PM
 #1

Are there any whitepapers about LN addresses? Will it be usual P2PKH (P2SH) addreses or their segwit versions?

Is it possible to have a lot of unique LN addresses? What about routing tables for users with millions of addresses?

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September 02, 2016, 05:08:32 PM
 #2

LN does not specify special addresses because there is no need for ten. It uses normal p2sh addresses and the transactions are normal bitcoin transactions. It utilizes what already exists, it doesn't make anything new.

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September 02, 2016, 06:13:21 PM
 #3

Yes, LN should use the same addresses for commitment transactions, that's true.

But LN may also use anything else, for example "email-like" addresses username@example.com. Such addresses could be very usefull for fast routing.

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38A35VNc17P7fenEDkLvkTMppwLwTeEeT7


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September 02, 2016, 09:54:59 PM
 #4

Yes, LN should use the same addresses for commitment transactions, that's true.

But LN may also use anything else, for example "email-like" addresses username@example.com. Such addresses could be very usefull for fast routing.

Fast routing? I don't think you understand how addresses work.

pianist
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September 03, 2016, 09:01:59 PM
 #5

Fast routing? I don't think you understand how addresses work.

Imagine if we have addresses like email: user@domain.

It's not a problem for one host to have full list of "domains" and all list of routes. So, you will be able to find route from one domain to other, that will be extremely fast.

If you use something else, you will get slow network, like TOR or BitMessage.

I want extremely fast payment system, like a chat, not like BitMessage.

That's all I want to say. Smiley

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♥ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ♥   MEET NEW PEOPLE!
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achow101
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38A35VNc17P7fenEDkLvkTMppwLwTeEeT7


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September 03, 2016, 09:26:45 PM
 #6

Fast routing? I don't think you understand how addresses work.

Imagine if we have addresses like email: user@domain.

It's not a problem for one host to have full list of "domains" and all list of routes. So, you will be able to find route from one domain to other, that will be extremely fast.
You don't need addresses like email addresses for that. You just need to have some sort of central authority that has a list of all open channels that would make it easier to route payments. The whole email addresses with domains just doesn't really make sense to me as to how that would be any better than normal addresses.

If you use something else, you will get slow network, like TOR or BitMessage.

I want extremely fast payment system, like a chat, not like BitMessage.

That's all I want to say. Smiley

Neither of those things are comparable. All of those systems (tor, bitmessage, and ln) use completely different protocols, you cannot compare them.

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