Agreed with this and more aligned with what I was getting. I'm actually working on native bitcoin solution and I'm not part of technical team so wanted to dive a bit more here to learn more.
Is this related to the other thread that you've posted in Altcoins Discussion board?
This one:
/index.php?topic=5596995.0By skimming through the whitepaper, it looks similar to Lightning where the two parties agrees on a contract off-chain.
During withdraw (
when successfully verified, after the contract is fulfilled), the transaction will be broadcasted on-chain. (
CMIIAW)
Overall, it's an off-chain solution so the existing discussions concerning if Lightning is "
native" Bitcoin can be applied to it.
So far, I can't see a consensus regarding that, but based from what I can observe, most technical people tend to say it's Bitcoin while less technical ones call it an Altcoin.
Except yours doesn't use Bitcoin's existing scripts so the arguments related to it don't count.