Nostr Web Client

Lightning was never an end solution, it’s a stepping stone. I’ve been explaining how I think lightning is going to play a critical role as the connective tissue for liquidity between a huge variety of L3 pools, protocols, smart contracts, federated networks, etc.

All of the tools this era that were designed for plebs and user payments, will end up being infrastructure for services, businesses, community pools, and decentralized markets going forward. It’s the same shift that happened with #Bitcoin in the previous cycle. Lightning isn’t going anywhere, it’s going to be absolutely massive but we will have to change how we think about it.

Meridian 2y ago

I think you could be right, Swan.

The fedimint / ecash model is a great example of this in action.

Users of a mint interact with one-another, solely on layer 3. This accounts for a significant bulk of transactions, within a given jurisdiction.

When a user of that jurisdiction wants to interact with an outsider, the mint handles the logistics, behind the scenes, by falling back to layer 2 (LN) communication, with the outsiders mint.

In this way, the bulk of transactions are handled at the highest layer possible, falling back to the layer below only when strictly necessary, to provide seamless interoperability.

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Discussion

aljaz 2y ago

Lightning is a trustless settlement technology that enables counterparties to cooperate and coordinate without establishing trust. Its a connective tissue upon further layers will be built, each having different tradeoffs and use cases.

Its very unlikely that it could handle every payment under the sun, but it can handle bulk settlements and act as a bridge between ecosystems