Saturday, December 02, 2017

The Lightning Network Now Supports Transactions Across Blockchains

https://bitcoinmagazine.com/articles/lightning-network-now-supports-transactions-across-blockchains/

As interesting as these experiments are... it also raises some new questions.
- how is an exchange rate established?
- in case of an off-chain swap: what if the your counter-party is malicious and I don't get (all) my coins? How is security enforced without the transaction on-chain.
- since there is no on-chain record of swaps: doesn't this make LTC/BTC swaps much more interesting for money launderers?

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