Lightning Network vs. Bitcoin Cash


– How/why we switched
– The cancellation of segwit2x
– Divergence/split of bitcoin community
– Problems with LN:
— Opening a channel cannot happen instantly
— Closing a channel cannot happen instantly
— User must be online to receive a payment
— Security: Cannot do cold storage lightning network
— Use must continuously be online to monitor for old commitment transactions
— Payment channels can be in weird states: Micropayment cannot be first payment across a channel due to fees/dust
— Payments can fail
— Wallet requires much more state than normal bitcoin wallet – 10x as much code leads to more bugs
— Must use weird modern web technologies
– “Why we chose Bitcoin Cash over Litecoin”: https://www.yours.org/content/why-we-chose-bitcoin-cash-over-litecoin-2cb321dec039/

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