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Saturday, 31 August 2019

Is it even conceptually possible to build a LN register that's noncustodial, lightweight, and which can hold funds elsewhere (as shown in this video) even offline?

https://youtu.be/u5qtqycDFtk

key features:

  • noncustodial, no intermediary

  • receiving wallet can be offline (ie paper wallet)

  • register does not have keys or access to funds but always can know the wallet balance

  • no fullnode required

seems to me that this video really highlights the architectural differences between the BTC and BCH approaches. when you consider what's happening in this video, I don't think it's possible to replicate anything remotely as powerful within Lightning.

If I'm wrong in my assumptions I'd like to learn how. Note: I would have liked to ask this question in rbitcoin but I'm banned there.

submitted by /u/jessquit
[link] [comments]

from Bitcoin - The Internet of Money https://ift.tt/2ZHyDh4

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