How to Fix Payment Channels?
At the online meetup "How to Fix Payment Channels" security researcher and web developer Egor Homakov explored the history of Bitcoin payment channels, pinpointed the key reason why Lightning Network and Raiden failed to achieve mass adoption, and presented a solution through a new Solidity-based channel architecture. Egor compared this innovative approach to rollups, highlighting advantages and key security aspects.
- 🔹 Why haven't Lightning Network and Raiden gained widespread use?
- 🔹 What are traditional payment channels, and what limits their functionality?
- 🔹 A new Solidity-based payment channel architecture proposed by Egor Homakov.
- 🔹 Comparison between the proposed channel solution and rollups (Optimistic and ZK).
- 🔹 Best practices for efficient and secure use of payment channels.
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