Lightning network = Segwit2x? | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: tbch2325 on November 20, 2017, 12:34:23 PM

Okay thanks, and is the lightning network and 2x hard fork the same thing?

Nope. Read the above again.

You don't need any more forks of any type to get lightning networks going. If there was one ready now you could roll it out this moment. There isn't so we'll have to wait.

tbch2325

newbie

Activity: 24

Merit: 0

Okay thanks, and is the lightning network and 2x hard fork the same thing?

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Segwit2X was in two parts. Segwit as a soft fork first which has already gone through a few months ago and that's what makes LNs easier to implement. The second bit was a 2MB hard fork purely to increase block size. That bit failed to go through last week or so.

It might be many months before there's a lightning network or maybe far into next year.

And at the moment transaction fees are very low anyway.

tbch2325

newbie

Activity: 24

Merit: 0

I was just wondering if someone could clear up whether the lightning network updagrade was what 2x was supposed to be? If not, then why the reason for 2x if the Lightning network upgrade was supposed to fix the problem of high transaction fees?

Thanks in advance! Grin

Topic: Lightning network = Segwit2x? (Read 159 times)