Locking LN's code into a BIP would be a great idea but the problem is that LN is still experimental tech and it's extremely laborious to modify a BIP once it has been deployed.
So these things should probably wait until when LN has matured some more.
Topic: Now that BIP91 has been locked in, when will Bitcoin upgrade to the Lightning ne (Read 117 times)
October 12, 2021, 12:37:13 AM
October 11, 2021, 12:12:25 PM
Never let me explain.
The Lightning Network is a tool designed to leverage smart contracts for settlement of Bitcoin transactions off chain cost efficiently.
With the intent of allowing users to make real time micro payments for services using Bitcoin and other cryptocurrencies.
Periodically the lightning network communicates with Bitcoin’s blockchain. Updating the ledger to reflect the current status of transactions amongst Lightning networks users.
So it is facilitating transactions that are either to small or need to be conducted to quickly to leverage Bitcoin for. And then periodically updates the Bitcoin Blockchain with the records of the transactions occurring across the network.
There is not currently a proposal I’m aware of to incorporate the Lightning networks code into the Bitcoin Core. And if the code was incorporated there would be no need for it to exist. So I don’t think anyone is incentivized to invest the effort needed to make this happen.
So perhaps I shouldn’t say never. But currently there are no efforts being made to do so.
The Lightning Network is a tool designed to leverage smart contracts for settlement of Bitcoin transactions off chain cost efficiently.
With the intent of allowing users to make real time micro payments for services using Bitcoin and other cryptocurrencies.
Periodically the lightning network communicates with Bitcoin’s blockchain. Updating the ledger to reflect the current status of transactions amongst Lightning networks users.
So it is facilitating transactions that are either to small or need to be conducted to quickly to leverage Bitcoin for. And then periodically updates the Bitcoin Blockchain with the records of the transactions occurring across the network.
There is not currently a proposal I’m aware of to incorporate the Lightning networks code into the Bitcoin Core. And if the code was incorporated there would be no need for it to exist. So I don’t think anyone is incentivized to invest the effort needed to make this happen.
So perhaps I shouldn’t say never. But currently there are no efforts being made to do so.
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