Dissecting HTLC Use for Lightning Network and its Limitations

Major Characteristic #1

The Lightning Network utilizes HTLCs (hash time locked contracts), which prevent users from being able to obtain their funds at their sole discretion (outside of the parameters and restrictions of the HTLC).

 

In the passage cited

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Lightning Network Status Report: MAJOR Flaws and Topology Concerns

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I expect this article to come under a lot of fire and I welcome it all. Post your … Read more

Background Behind Lightning Network

Photo courtesy of btcmanager

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To understand the Lightning Network, it’s important to get an overview of what precipitated … Read more

How Segwit Murdered Bitcoin: Bitcoin Can NEVER Scale (Op-Ed)

An Economic Proof for Why Segregated Witness Won’t Work and Bitcoin’s Failure to Scale Will Precipitate Its Death

Introduction

To start with, there’s no easy way to define Segregated Witness. However, I will attempt to give a brief explanation and … Read more