4min chapter

The "What is Money?" Show cover image

Bitcoin and Near-Perfect-Privacy with Obi Nwosu (WiM241)

The "What is Money?" Show

CHAPTER

Lightning Network Scaling and Privacy

Lightning obviously provides a massing level of scaling over over Bitcoin and a significant improvement in privacy but there are still shortcomings in privacy which are being worked on. Even though Lightning has a far higher privacy guarantees then using the main network there is still some leakage of information so imagine you had an eavesdropper monitoring traffic on these roads this is the Lightning Network. If you were to send a payment from the breed of mansion to Las Vegas that would be the equivalent of a car or messenger going from the Breed of Mansion to Las Vegas. That's effectively self custody with your own Lightning self-sovereign Bitcoin node and Lightning node  in your handling all your channel rebalancing.

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