Comments on: Thoughts about eltoo: Another protocol for payment channel management in the lightning network https://www.rene-pickhardt.de/thoughts-about-eltoo-another-protocol-for-payment-channel-management-in-the-lightning-network/ Extract knowledge from your data and be ahead of your competition Tue, 17 Jul 2018 11:07:57 +0000 hourly 1 https://wordpress.org/?v=4.9.6 By: Virtual Payment Channels for the Lightning Network – A Lightning Network Improvement Proposal draft – Data Science, Data Analytics and Machine Learning Consulting in Koblenz Germany https://www.rene-pickhardt.de/thoughts-about-eltoo-another-protocol-for-payment-channel-management-in-the-lightning-network/#comment-38905 Tue, 17 Jul 2018 11:07:57 +0000 http://www.rene-pickhardt.de/?p=2116#comment-38905 […] Let us begin by looking at one of the two core elements of the lightning network: The (standard) payment channel. A standard payment channel operates in a trustless manner which allows two parties to create a payment channel without the need for them to trust each other. The ability to create trustless payment channels is certainly a very useful property that the lightning network must have. However this trustless property comes at a rather high price bringing us the following three drawbacks (which should still exist even if we upgrade payment channels to follow the eltoo protocol proposal): […]

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