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

Reply to this note

Please Login to reply.

Discussion

Awesome šŸ‘. Warpcast and its base protocol Farcaster are based on Optimism

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

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.

Thanks, Matty šŸ‘