>Cross Blockchains. Cross-chain atomic swaps can occur off-chain instantly with heterogeneous blockchain consensus rules. So long as the chains can support the same cryptographic hash function, it is possible to make transactions across blockchains without trust in 3rd party custodians.
Federal Reserve of Cleveland recently put out study on Lightning Network as well.
It's obvious there are PoW chains whose coins are MAJORLY undervalued. LTC and DGB seem obvious given their long-term history.
What other chains would you consider low-risk, given this future, if any?
>It's obvious there are PoW chains whose coins are MAJORLY undervalued. please share your valuation method
Isaiah Mitchell
If you believe Lightning Network is an important part of the future financial infrastructure, as the Cleveland Fed seems to be slowly moving towards, it would seem common sense is enough given what I shared. What needs clarification? Those chains support the same cryptographic hash functions.
Benjamin Myers
>What needs clarification? kek your understand of the market is literally "number go up!". btw you can make trustless cross chain swaps on lightning regardless of the level 1 hash
Jordan Miller
What you say makes no sense. Bitcoin uses SHA-256, meawhile Litecoin uses Scrypt. How are they compatible?
Kinda off-topic, but has anyone seen the founder of Lightning? She has no formal studies in cryptography or IT. Isn't this a red flag?
>your understand of the market Correct. I'm not a markets guy. I'm tech and visionary kind of guy.
It's like asking me what's your valuation method for bitcoin in 2013. Many didn't have clear market "valuation methods" until 2020. Although some still bought earlier (because why not, they had the spare funds for "schmuck insurance") they had no vision or conviction leading to typical valuations for buying that they were used to. Say, RP, for example ;) He was early into bitcoin, but to have a valuation method substantial enough to share with the public didn't show up until 2020ish.
Ethan Robinson
she's the ceo of lightning labs, it's not like she invented LN you must be trolling
Ryder Price
why not just pop up a layer and create a new hashing algorithm that takes sha256 and scrypt outputs as inputs? these things are trivial from an engineering sence. scalability will always be a concern with any l2 solution, but the Fed is interested in LN because it operates similarly to fractional reserve banking employed by the 12 federal reserve banks, at least stateside.
Camden Wright
also cross-chain atomic swaps have been a thing since last run, vert was the first to do it i believe. BTC's taproot upgrade made things much easier for others, like monero
Angel Sullivan
How does LN operate on or similar to fractional reserve?
Jeremiah Rodriguez
a small number of centralized trusted parties performing periodic on-chain settlement to update the chain state with smaller parties operating via lines of credit from each of the larger trusted settlers. if anything the fed will create a "BTC reserve" to securitize LN, but if that happens the fed has defacto accepted that BTC is a better "reserve currency" than USD.
Xavier Peterson
What do you mean by "centralized trusted parties"? Who are they? How are they centralized? Why trusted? What lines of credit are you talking about? And how would the feds create a BTC reserve? No offense, but that's a lot of vague mumbo jumbo. Do you understand how LN works? It's entirely P2P and trustless (operates like smart contracts). Anyone can run a node, open a channel and route payments. There are now non-custodial LN wallets. What more do you want?
Jace Green
>It's entirely P2P and trustless (operates like smart contracts). until validators dont like you >Anyone can run a node, open a channel and route payments. sure but you're not actually validating the chain. you're relying on trusted 3rd parties. again, you can do this until you cant >there are now non-custodial LN wallets these aren't your funds, just like the federal reserve
Benjamin Campbell
>until validators dont like you >sure but you're not actually validating the chain So which one will it be? >these aren't your funds, just like the federal reserve LN operates on 1:1
Christian Perez
>if anything the fed will create a "BTC reserve" to securitize LN This guy gets it.
Who cares. There are plenty of defi solutions in the works right now that will blow this shit out of the water
Ethan Foster
>soon™
Caleb Cox
What are you talking about? There are no validators. You validate everything yourself with software you install. You validate the chain and you validate off chain transactions by monitoring the chain and keeping track of revocation keys and new states.
They actually are your funds. Every lightning transaction is a valid bitcoin transaction that can be broadcasted to the chain. And because each transaction is a valid bitcoin transaction that means fractional reserve like behavior is impossible if you’re running your own software
If you’re not running your own software then I guess it could be possible in the same way that it is possible with current exchanges and centralized services. Not sure how that’s a lightning problem
Jacob Murphy
>Who cares. Literally the Federal Reserve.
Aaron Richardson
>The federal reserve knows more about how LN completely invalidates the shitcoin hypothesis than the average shitcoiner on Any Forums
BTC literally has zero utility and lightning network wont help out with payments when hundreds of millions of people start joining the market
Hedera will end up taking over you fucktard. They’re much more efficient and sustainable long term. This is exactly why companies like Google, IBM and Boeing are working with HBAR foundation to build a presence for themselves in the Web3 space
