LN have lower fees compared with ETH on-chain transaction, but don't forget that you still need to pay fees when open/close channel, refill balance & connect through channel with take fees.
But with your current project, i think Raiden Network and Plasma which already mentioned by another user is better solution since you already use ETH and ERC20 token/smart contract which BTC don't have and LN don't support.
Topic: Lightning network, reduction in commision costs? (Read 212 times)
If you have a large number of customers then you can definitely go for Raiden Network or Plasma as you only spend a small amount for fees rather than spending for each and every transaction. Moreover RN/Plasma allows you for fast, scalable, off chain and very low fee transactions which is too good for people like you as you do lots of transactions.
Raiden/Plasma is more superior to Lightning as it supports all the ERC tokens and smart contracts whereas Lightning supports only btc. These are great solutions for ethereum which has been facing a backlash due to sudden increase in miner fees and this could help the currency reach great heights.
I think you should have posted this topic in altcoin discussion as you have been discussing about eth and it's fees here. (correct me if I am wrong)
Raiden/Plasma is more superior to Lightning as it supports all the ERC tokens and smart contracts whereas Lightning supports only btc. These are great solutions for ethereum which has been facing a backlash due to sudden increase in miner fees and this could help the currency reach great heights.
I think you should have posted this topic in altcoin discussion as you have been discussing about eth and it's fees here. (correct me if I am wrong)
We speaks about Lightning Network that work on BTC))))) Because is it here) Thanks for the advice, we will try to analyze this solutions.
If you have a large number of customers then you can definitely go for Raiden Network or Plasma as you only spend a small amount for fees rather than spending for each and every transaction. Moreover RN/Plasma allows you for fast, scalable, off chain and very low fee transactions which is too good for people like you as you do lots of transactions.
Raiden/Plasma is more superior to Lightning as it supports all the ERC tokens and smart contracts whereas Lightning supports only btc. These are great solutions for ethereum which has been facing a backlash due to sudden increase in miner fees and this could help the currency reach great heights.
I think you should have posted this topic in altcoin discussion as you have been discussing about eth and it's fees here. (correct me if I am wrong)
Raiden/Plasma is more superior to Lightning as it supports all the ERC tokens and smart contracts whereas Lightning supports only btc. These are great solutions for ethereum which has been facing a backlash due to sudden increase in miner fees and this could help the currency reach great heights.
I think you should have posted this topic in altcoin discussion as you have been discussing about eth and it's fees here. (correct me if I am wrong)
Hello all,
We have a large project on which there are a lot of transactions in eth, and accordingly we lose the gas commission on each transaction.
The bottom line is that the customer wants to use our service, and for every smart contract reaction we pay a commission.
Now we are thinking about the possibility of using the Lightning Network in our industry.
What do you think? This technology can help us reduce commission costs?
We have a large project on which there are a lot of transactions in eth, and accordingly we lose the gas commission on each transaction.
The bottom line is that the customer wants to use our service, and for every smart contract reaction we pay a commission.
Now we are thinking about the possibility of using the Lightning Network in our industry.
What do you think? This technology can help us reduce commission costs?
Yes. Lightning costs are low and likely to remain so given how it operates.
Lightning has it's own version of "gas" and I am sure the Tx fees and interest charge will start off small but they will soon rise because the miners that think
it was OK to ramp transactions fees up to $55 are running the major lightning hubs.
ETH was faced with a similar problem due to Crypto-Kittles but they didn't solve it by being silly with the price of gas
would having all your customers send you bit coins really fit in with your plan because to be paying gas you must be
doing more than just taking payments
it was OK to ramp transactions fees up to $55 are running the major lightning hubs.
ETH was faced with a similar problem due to Crypto-Kittles but they didn't solve it by being silly with the price of gas
would having all your customers send you bit coins really fit in with your plan because to be paying gas you must be
doing more than just taking payments
Hello all,
We have a large project on which there are a lot of transactions in eth, and accordingly we lose the gas commission on each transaction.
The bottom line is that the customer wants to use our service, and for every smart contract reaction we pay a commission.
Now we are thinking about the possibility of using the Lightning Network in our industry.
What do you think? This technology can help us reduce commission costs?
We have a large project on which there are a lot of transactions in eth, and accordingly we lose the gas commission on each transaction.
The bottom line is that the customer wants to use our service, and for every smart contract reaction we pay a commission.
Now we are thinking about the possibility of using the Lightning Network in our industry.
What do you think? This technology can help us reduce commission costs?
Jump to: