Post
Topic
Board Development & Technical Discussion
Re: Lightning Network Discussion Thread
by
Carlton Banks
on 30/07/2018, 12:57:21 UTC
Just read this Blockstream blog, and I am excited to see growing research on scaling solution and how things would really different (read awesome) down the line.

eltoo: A Simplified Update Mechanism for Lightning and Off-Chain Contracts

https://blockstream.com/2018/04/30/eltoo-next-lightning.html

Yeah, biggest thing to happen in Lightning development since channel factories.


This demonstrates:

1. Lightning isn't perfect as per the 2015 original specification
2. It can be improved, and the developers know what the weaknesses are and are thinking carefully how to redesign optimally

It will take time, but the end product should be easier to use than regular Bitcoin clients. And this will be huge for Bitcoin's competitiveness as a currency, it could be like using gold with a debit card, where the actual bullion is under the complete control of the individual.