These days i am exploring bitcoin's IRC channel, and i discovered many projects, people, informations, and one of these is the
Lightning protocol.
Regarding the advantages offered by DASH, especially the instant send, i wonder if DASH can still be interesting if the implementation is successful.
There is only one aspect who is important here, the TX confirmation speed, or payment processing time.
So considering Bitcoin miner's are asking for more fees to process Transactions, the LN protocol is a nice layer who will speed-up the transactions, DASH have aleready implemented this feature, managed by masternodes, and it is an enormous difference and advantage to DASH compared to Bitcoin's 4 days for confirmation.
Supposing the LN protocol is implemented as a stable release (still in alpha) will DASH be still attractive to users ?
There's a huge difference between DASH instant pay and LN. In the LN, transactions are NOT written to the block chain. The block chain only serves to hold the "collateral" of the LN nodes. Bitcoin would be a reserve currency, and the LN nodes would be banks that transact your payment over the network. LN is a banking layer over bitcoin, that ressembles very, very much, traditional banking, except that they have a smart contract regulation with bitcoin as reserve currency, rather than having a legal regulation.
What goes on the block chain, are only settlements between banks after they have processed many transactions (like now with real banks).
On the other hand, DASH instant pay is only a confirmation that your transaction is waiting to be put on the block chain. That's it.
You could do this with bitcoin too, except that with bitcoin, nothing stops a user to send a double spend with higher fee that will be preferred by miners. With DASH, you trust master nodes that they will not send a second confirmation for the higher-fee double spend. Probably you can trust master nodes somewhat more than miners in that respect.
