How the lightning 2nd layer enables fast and cheap Bitcoin transactions, including demos, payment channels, multi-hop payments, and challenges.Want to easily...

Was looking for good explainer videos, this one seemed like the best blend of details without getting too technical.

  • primal_buddhist@lemmy.worldEnglish
    2·
    1 year ago

    So what is the prediction for some kind of “MasterCard” type payment platform using lightning. So customers sign into the payment platform and then get access to all of the suppliers who are also signed on. Noone has to ever really think about it. There won’t be thousands of channels only a few.

    Is this reasonable?

    • PopularUsername@lemmy.worldOPEnglish
      1·
      1 year ago

      That is what I am suspecting as well, several large interconnected nodes managing most of the traffic. Everyone will then start signing up for the top 10 nodes anyways because why not? So everyone will be on that network.