THELOGICALINDIAN - The Lightning Network asecondlayer acquittal agreement enabling burning affairs at about aught amount amid accommodating nodes is absolutely an altcoin according to Edge CEO Paul Puey
According to Edge, a multi-asset blockchain wallet and aegis platform, Lightning Network — a second-layer acquittal agreement operating on top of Bitcoin’s blockchain and enabling direct affairs — isn’t actually that. Rather, from the company’s point of view, the Lightning Network is an altcoin. (You aloof accept to change the definition.)
Explained Edge’s William Swanson in a livestream:
“Actually, it’s one of the best altered altcoins,” Paul Puey, Edge’s CEO, agreed. “It’s as acutely altered as possible.” (It’s so acutely different, in fact, one could altercate it’s not alike an altcoin at all!)
Swanson again continues to explain his reasoning, which is area things absolutely alpha to get questionable. He states:
Skeptical? You’re not the alone one.
After the livestream ended, acclaimed XRP and Bitcoin Cash backer Tiffany Hayden arrive acknowledgment on Twitter — which was promptly accustomed by some notable abstracts in the cryptocurrency space.
Lightning Network developer Elizabeth Stark noted that “different acquittal methods don’t beggarly altered currencies,” and articular that allegory the second-layer band-aid to an altcoin is no altered than calling one’s USD blockage annual an altcoin to one’s accumulation account, or calling one’s USD debit agenda an altcoin to one’s acclaim card.
Bitcoin entrepreneur Alistair Milne meanwhile aggregate his own thoughts on Edge’s comments.
Litecoin architect Charlie Lee, on the added hand, claimed “Lightning is unforgeable forever-redeemable gold certificates to Bitcoin’s gold [and] additionally unforgeable forever-redeemable argent certificates to Litecoin’s silver,” while Dogecoin architect Jackson Palmer asked his Twitter followers:
Puey approved his best to absolve the ambiguous statements fabricated during his company’s livestream, but ultimately aloof conceded to a aberration in definitions, responding:
Of course, the achievability exists that the absolute definitions are abundantly authentic as they are and that he and Swanson are artlessly incorrect — but that’s for you to decide.
Do you anticipate Lightning Network is an altcoin, or do you anticipate the association at Edge artlessly got this one wrong? Let us apperceive in the comments below!
Images address of Twitter/@haydentiff
