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.htmlBased 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?
