bitcoin-dev

Smart Contracts Unchained

Smart Contracts Unchained

Original Postby ZmnSCPxj

Posted on: April 8, 2019 10:45 UTC

The conversation between Aymeric and ZmnSCPxj revolves around the difference between colored coins and sidechains, their opinions on Ethereum and Bitcoin, the possibility of escrow disappearing, and their views on Lightning Network.

ZmnSCPxj emphasizes the need for precision in terminology and defines a blockchain as a Merklized singly-linked list containing representations of transformations of state. While he does not consider Lightning Network a sidechain, he acknowledges that both federated sidechains and LN have a "federated" off-chain structure. He also explains that the security of LN is greater than typical federations as it requires consensus rather than a quorum.