Post
Topic
Board Altcoin Discussion
Re: SEGWIT & LN KILLING OFF the OnChain Miners (Better start looking for new Jobs)
by
IadixDev
on 20/02/2017, 01:07:20 UTC
My fear with LN is rather the opposite: that propagating "waves of panic" will overwhelm the block chain with transactions, because the amount of transactions pending on the LN network can in principle be orders of magnitude larger than what a block chain can handle (that's its main idea !).  So if a block chain can handle, say, 100 000 transactions per hour, and the LN network has 10 million transactions pending in 10 minutes, and there's a panic wave going through the network, those 10 million transactions will need to go on-chain which will create a backlog of 100 hours, often passing the safety time limit of regularisation, and huge opportunities to scam.

Your fears are confirmed , article from  Jul 5, 201612:28 PM EST by Kyle Torpey
https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127/



And also what would happen in this scenario if the locks on the main chain expire before the tx from LN can be pushed back to the main chain, it would be a bit like double spending issue no ?