Replying to Avatar mattybs

Ethereum has Layer 2 chains like Optimism and Arbitrum that have cheaper fees and faster speeds. But Lightning is much more decentralized
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retired npub 1y ago

Umm, Iā€™m a noob. What do you mean that lightning is decentralized? You mean the LN nodes architecture?

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mattybs 1y ago

Yep! Ethereum layer-2 chains like Optimism and Arbitrum are centralized which is why they can be fast and cheap. The transactions eventually settle on Ethereum so there's decentralization there, but first all of the transactions are centrally processed.

Lightning is all peer-to-peer, so there's no monolithic centralized server to handle the transactions.

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retired npub 1y ago

Thanks, Matty šŸ‘