Quote from: yojoots on July 10, 2019, 05:51:58 PM

Quote from: Wind_FURY on July 09, 2019, 07:26:05 AM

I would like some of your reactions/replies. Someone from Bitrefill once said that Lightning is like an "organized - serialized mempool". Any opinions?

I don't think this is a very good description, personally. The only notable similarity between a Lightning Network payment and an vanilla Bitcoin transaction seen in a node's mempool is that neither one has yet been confirmed in a block. There are significant distinctions between the two, though. For instance, the Lightning payment can be immediately used in a subsequent transaction without waiting for a block confirmation to occur.

But the coins are not yet settled in the blockchain, but "suspended" in payment channels. In another way, calling it an organized-serialized mempool is correct. Or maybe a zero-conf payment network? Cool