Doug on Nostr: So common misconception here. A lightning node relies on the layer 1 chain. You have ...
So common misconception here. A lightning node relies on the layer 1 chain. You have to run a Bitcoin node to run a lightning node because layer 2 literally creates a transaction on layer 1 to say Fishcake is committing 100BTC in a “smart contract” to open a channel with Doug. When we’re done passing liquidity and close the channel, we each have to write that back to the original layer 1 chain. Without layer 1, your lightning node wouldn’t know where to communicate that info. It is a lot but that’s why lightning is far superior to say solana or any crypto. Bitcoin is fully backing Lightning 100% 1:1.
Unless I am missing a huge part of something, that’s the simplistic version.
Published at
2023-03-22 03:20:40Event JSON
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"content": "So common misconception here. A lightning node relies on the layer 1 chain. You have to run a Bitcoin node to run a lightning node because layer 2 literally creates a transaction on layer 1 to say Fishcake is committing 100BTC in a “smart contract” to open a channel with Doug. When we’re done passing liquidity and close the channel, we each have to write that back to the original layer 1 chain. Without layer 1, your lightning node wouldn’t know where to communicate that info. It is a lot but that’s why lightning is far superior to say solana or any crypto. Bitcoin is fully backing Lightning 100% 1:1. \n\nUnless I am missing a huge part of something, that’s the simplistic version.",
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