1 Level
6 Review
1 Karma
Review on Aeternity by Bernice Larkin
If you’ve been around the Blockchain scene for a while, you would have heard…
If you’ve been around the Blockchain scene for a while, you would have heard of lightning network, a proposed scalability solution for Bitcoin. Some might think “this sounds very similar to lightning”, and you would be right. Lightning uses channels to help do transfers. You have to remember Bitcoin was 1st generation Blockchain, way before Ethereum, and smart contracts only came into being with Ethereum 2nd generation Blockchain. Smart contracts are the core building blocks for Blockchains these days
Pros
- Hey everyone, this gentleman thinks we are a good community! Isn't that great? I appreciate the perspective because I don't participate much in other crypto circles. Lets show him some support and our best hospitaelity. Thanks BitBoyAndHodl
Cons
- So for businesses who want to keep the transactions private, it’s possible to hide the transactions on the channel and keep it private. The record of the transaction would still be available on the Blockchain if needed, e.g. if there was a disagreement, but the details of the transaction could still be kept private in that situation
