So in summary, to my earlier question about Lightning scalability:
Using back of the napkin calculations, you probably couldn’t onboard 1 billion users to Lightning within a 5 year period because each new user requires an on chain transaction to open a new channel and it would take Bitcoin 5 years to process those transactions.
But there are possible future solutions that could reduce the number/size of onchain transactions to onboard users, or a different blockchain-based layer 2 could be used with bigger blocks which Lightning rides on top of as layer 3 which would allow a greater capacity for new user onboarding.
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npub10m…6ck2g
2023-02-19 08:39:47
Author Public Key
npub10mmahk8nwnn5h38s92vyn0u6a0fa4ss30yuddywl3d8464yp3yxsx6ck2gPublished at
2023-02-19 08:39:47Event JSON
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"content": "So in summary, to my earlier question about Lightning scalability:\n\nUsing back of the napkin calculations, you probably couldn’t onboard 1 billion users to Lightning within a 5 year period because each new user requires an on chain transaction to open a new channel and it would take Bitcoin 5 years to process those transactions. \n\nBut there are possible future solutions that could reduce the number/size of onchain transactions to onboard users, or a different blockchain-based layer 2 could be used with bigger blocks which Lightning rides on top of as layer 3 which would allow a greater capacity for new user onboarding.",
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