Replying to Avatar Jeroen Ubbink

I agree that this works now, but when scaling up you will get to a point where it will become impossible for people to open up a channel because evey channel required an on-chain transaction and we will run out of transaction space way before onboarding every person on the planet.

This is realistically still very far off and maybe lightning is not the end game at all, but ecash does give you some options in terms of further scaling up the lightning network for now.

We have to keep inventing here even if the outcome is not the perfect one.
Avatar
Гоце 1y ago

If it's true about the tx space, then it feels like any L2 will have a similar outcome in the long run.

So maybe LN is already as good as it gets 🙂 and Cashu is the right way forward.

Reply to this note

Please Login to reply.

Discussion

Avatar
Jeroen Ubbink 1y ago

Maybe, but i could see somebody come with an L2 that works different and maybe better than lightning.

In terms of ecash there are already different options out there and the innovation on that front is also still relatively early. There is still a lot in development to decrease trust or make it more verifiable by having proof of reserve on the mint side and building up reputation as a mint.

If there is no solution to go in and out of L2 with less than 2 transactions most people on earth will never get to do anything on-chain in the long run.