Next Generation Lightning with Phoenix - Bastien Teinturier (SLP513)
Stephan Livera Podcast
00:00
Efficiency gains with splicing in Phoenix
In this chapter, they discuss the efficiency gains of splicing in the new version of Phoenix. They explain that in the previous version, each time a user received funds in the Lightning Network, a new channel would be opened, leading to a large number of channels for some users. However, with the introduction of splicing, these issues are mitigated as only one channel needs to be closed, reducing costs and increasing predictability.
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