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Topic: Lightning Network question (Read 174 times)

legendary
Activity: 3108
Merit: 2177
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January 14, 2018, 07:51:30 AM
#3
Can people still make normal Legacy transactions when the Lightning Network is implemented OR do they have to make all transactions on the SegWit addresses?

Both legacy transactions and SegWit transactions that do not involve the Lightning Network will still be possible. Lightning Network runs on top of Bitcoin, the Bitcoin protocol itself doesn't change.


Can people spam the Blockchain with old Legacy transactions and then cripple the Lightning Network too?

Spammers can only affect the on-chain transactions that are required for opening and closing a channel. The routing on Lightning Network itself won't be affected by on-chain spam. Depending on its implementation there may be other ways for an adversary to affect LN performance, but that's too soon to tell. One can assume that spamming the network will become less effective as more transactions are moved off-chain and lightning channels are kept open for prolonged durations of time.
legendary
Activity: 3934
Merit: 3190
Leave no FUD unchallenged
January 14, 2018, 07:29:22 AM
#2
You'll still be able to make Legacy transactions, you'd just have to pay a larger fee if you want them confirmed faster than the SegWit transactions.  At this stage it may be too early to accurately predict exactly what effect spam would have on Lightning, but we can assume it's likely miners would prioritise the Lightning transactions over the spam ones, providing people still include a reasonable fee with the Lightning ones.  The hope is that there would generally be less spam anyway, as it tends to get more costly to do in any significant volume.  Plus, once funds are timelocked, any number of transactions can be made off-chain, which, in theory at least, would reduce overall demand for blockspace, resulting (again hopefully) in a less congested network.

But at this stage it's very much a "wait and see" sort of deal.
newbie
Activity: 12
Merit: 2
January 14, 2018, 07:00:17 AM
#1
Can people still make normal Legacy transactions when the Lightning Network is implemented OR do they have to make all transactions on the SegWit addresses?

Can people spam the Blockchain with old Legacy transactions and then cripple the Lightning Network too?
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