The Lightning Network

[Anonymous No.25197888]

Are you imbeciles getting it yet?
>One of Bitcoin’s most promising new technologies is coming to one of its oldest exchanges. The Kraken exchange announced today it will add support for the Lightning Network in 2021, which adds it to a small (but growing) list of exchanges that support the scaling technology thus far. Kraken is hiring a team to manage the feature, which it anticipates will be open for client use sometime in the first half of 2021. “The Lightning Network has matured to a level where it can be used by Kraken. It really comes back to what our users are asking for. They want instant and efficient payment – the ability to deposit and withdraw bitcoin without having to wait for confirmations and without high withdraw fee withdrawals,” Pierre Rochard told CoinDesk, saying Kraken anticipates that it will behoove traders looking for arbitrage opportunities between exchanges.

https://www.nasdaq.com/articles/kraken-exchange-will-integrate-bitcoins-lightning-network-in-2021-2020-12-16

[Anonymous No.25197952]

they should just list wbtc Bitcoin on Ethereum makes more sense than a useless L2.

[Anonymous No.25198043]

>>25197888
>arbitrage opportunities between exchanges
Do you have any idea how massive this is going to be? Lightning network will be in 2021 what DeFi was in 2020.
Bread crumbs:
https://lightning.engineering/lightning-pool-whitepaper.pdf

[Anonymous No.25198075]

>>25197952
>list wbtc Bitcoin on Ethereum
Completely missing the point.

[Anonymous No.25198139]

>lightning network
>big name exchange
>XSN said they are listing on a major exchange to coincide with an important event

Anyone seeing breadcrumbs connecting?

[Anonymous No.25198163]

I'm getting it, but the book is not done yet https://github.com/lnbook/lnbook

[Anonymous No.25198293]

>>25197888
This is like if they tried to put nitro boosters on the model T instead of just moving on to its faster and obviously superior successors. It's retarded that we're going through all this effort to put crutches on an antiquated piece of shit just because it's le epic OG coin. Maximalists are all cancerous faggots. Especially Max Keiser.

[Anonymous No.25198350]

>>25197952
wbtc is bulshit you depend on other people to hold your keys

[Anonymous No.25198515]

>>25198293
>put crutches on an antiquated piece of shit
This is unironically why LN will be adopted. Eth is trying to do the exact same thing, it’s just not called “lightning network”.

[Anonymous No.25198556]

>>25198293
Satoshi fucked up big time by not leaving a larger blocksize limit, but I guess he had no idea that that Gavin would end up getting booted by the faggot league. It's hilarious that a project worth half a trillion has such a massive crippling limitation leaving it vulnerable to competition.

[Anonymous No.25198591]

>>25197952
ERC20 transactions cost more than Bitcoin transactions in many instances LMAO

[Anonymous No.25198639]

>>25197888
>>25198163
Thanks I didn't know a "Mastering LN" book was coming out.. I'll definitely get it I've been procrastinating on looking into LN since there is so little reason to spend BTC...

[Anonymous No.25198668]

>>25197888
I'm rooting for Lightning
but it still has some vulnerabilities and usability issues
it needs work

[Anonymous No.25198902]

[Anonymous No.25199783]

>>25198293
>implying
eth is doing the same shit with connext and raiden, plus sharding/roll ups (i.e. poor man's L2)

PoW does not scale natively, period. PoS can, but generally is structured to be inflationary due to the tokenomics of pretty much every chain leveraging it.

L2 also offers a layer of privacy, which most coins don't have natively.

opendex and stakenet are the only L2 dex solutions with any form of working product right now, btw. interested to see where that aspect of this market goes.

[Anonymous No.25200076]

>>25198043
For arbitrage its best to move assets between exchanges after all the trades are done. Crypto speeds have always been fine for this. Fiat is a bottleneck here.