Recently I read about the lighting network, and its centralization.
https://medium.com/hackernoon/them-lightning-network-nodes-sure-do-look-centralized-to-me-what-gives-ee39c9b12ac0And it seems that the opinion they sell us of being a centralized network is far from reality. If it is finally proven that it is a decentralized, fast and cheap option, could this very negatively affect parts of the advantages that Dash offers?
I hope that the theory of accumulation is correct, the number of wallets with coins has been stagnant for 1,095,000 weeks, and the masternodos seem to confirm that they maintain their positions regardless of price, but without increasing despite cheap prices.
Greetings and thank you
You are stating an opinion that Bitcoin Lightning Network is in fact decentralized, fast and cheap and you are all basing that on one pretty lenghty and difficult to read medium article ?
Lets talk about some of the setbacks about Bitcoin Lightning Network :
1 : Bitcoin's Lightning Network is still in pre-alpha state, it will take a long time before it will be introduced to their Mainnet and supported by their development team. Anything you see on their Mainnet with regards to
Lightning Network is pure experimentation, has associated risks and is not (fully) supported.
2 : The economics of payment channels and efficient routing between n-to-m endpoints means that the most efficient (in terms of minimizing the number of hops) configuration of the network would be large payment hubs
that would have open channels to everyone else (and to each other). This means whomever has more money available will be able to open and maintain more payment channels, becoming a payment hub.
* This means centralization. Time will tell if this is indeed the case (basicly its too early to tell).
3 : The security model in Lightning is the inverse of the one used in Bitcoin. In Bitcoin, you dont have my money until I send it to you. There is nothing you can do short of stealing my private keys to take my money from
me. Conversely in Lightning, the security of the payment channels requires constant monitoring to ensure that your counterparty is not stealing money from you by publishing an old channel state to the network..
Basically, the security model of Bitcoin changes to one where you have to actively guard against theft, instead of the current one where you have passive protection from theft (assuming you manage your own private
keys).
** source :
https://www.quora.com/What-are-the-pros-and-cons-of-the-Lightning-Networks-proposal-for-transaction-processing-on-the-blockchainAdvantages of Dash :
1 : InstantSend currently available on its Dash Mainnet, without any additional fees and has automatic protection against doublespending. It will only need transaction fees, which are pretty low.
2 : Dash upscaling takes place on-chain by increasing its blocksize and/or by increasing hardware requirements for its masternodes and Dash network is decentralized of nature.
3 : Dash security model is not only better then Bitcoin because of ChainLocks (providing protection against 51% attacks), it also keeps users in full possession and full control of their funds.
4 : With Dash Core v1.0 Dash will have userfriendly wallets, a decentralized API and a decentralized platform on which to run additional services and products. This will bring Dash many more use cases.
Well expressed, thank you very much. I see it as you do, and that is why I keep my position firm and if I saw Dash again approaching $ 60 again, I would not hesitate to increase my portfolio.
The article that I mentioned about lighting network has been added because BTC maximalists are filling people's heads with this kind of little contrasted information that harms other projects with better technologies such as Dash.
It is a pity not to be able to show the comparative advantages globally, since the Dash niche with respect to BTC is still undiscovered, and I hope this changes, hopefully sooner rather than later.
A Greetings, and thanks again for your vision.