Phoenix's Lightning Splicing Model

It scales well when fees inevitably rise, when mempools never clear again. They announced that it would be a few weeks after. So expect it next week for the week after. Really fucking awesome. It's taking what used to take two transactions in close and then open and putting it into a single transaction so you can have even more efficient on-chain space. And should this create more efficient route paths too, right? Because you're making less and less smaller channels,. Just using a dynamic channel that can be upgraded on the go with this.

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