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SLP490 Dusty - What is Splicing and why will it improve LN?

Stephan Livera Podcast

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The Benefits of Splicing for Privacy

I think longer term, fees are going to rise. I think there will be a persistent backlog of transactions that are hitting Bitcoin's Mempol or the Mempol's out there in the nodes. And so we need ways to be more efficient. We're kind of batching and taking, in a sense, we're taking transactions off the chain. What's crazy is what's also coming down the pipe is taproot lightning channels. They look the same on chain as a regular Bitcoin transaction. It's kind of crazy. So anyway, all this means is that you can do a if you want to do like a payment from your lightning channel using splicing on taproot, it's indistinguishable

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