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175 sats \ 3 replies \ @supertestnet 8 Jan \ on: UTXO vs Account Models bitcoin
I find it interesting that the lightning network uses an account model even though it is built on top of the utxo model
Each channel is just one utxo but it does not "act like" a utxo while the channel is open. Instead, like on ethereum, if you send someone money via lightning, your lightning channel just has less money in it now. Well, technically that money is still in there, but your "account" is just your "side" of the channel, and your money is not on that side anymore
It's neat that the utxo model is powerful enough to emulate the more familiar account model on a second layer
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0 sats \ 2 replies \ @random_ 19h
One could also make the argument that LN is a proof-of-stake layer. The more capital you lock in with other nodes (and vice-versa), the more likely you are to 'validate' payments.
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0 sats \ 1 reply \ @supertestnet 19h
Yep. Well, I mean, there is a difference. Lightning certainly involves staking assets, but lightning nodes aren't network-level validators. They only validate to secure their own ability to unilateral exit, not to secure other people's money
It's possible to *have* stake without being a proof-of-stake *system*
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0 sats \ 0 replies \ @random_ 19h
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