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So, in bitcoin atomic swaps it can be changed to Litecoin only ? or its possible to do this with other coins (different BTC forks for example ) ?
Hi there, I think for forks this should generally work the same way because the underlying code should be nearly the same, but I think Bitcoin Cash may not adopt Lightning network, as Roger (as the BCH frontman) considers LN to be too centralized (check out Lee and Ver discussing LN https://www.youtube.com/watch?v=63akDMMfiPQ). In his opinion full decentralisation is realized through on chain transactions only, therefore block scaling was proposed. The next relevant. Bitcoin SV (which is not a direct BTC fork) may go the same way as block size further increased.
Considering the small relevance of the other btc forks, I don’t think they will adopt LN (yet even survive in the long term).
That’s also why LTC is not only considered to be silver to BTCs gold, but also it is considered to be a BTC testnet (by BTC maximalists).
Emm. Lightning network ?? I’ve been asking about Atomic Swaps)
If it is possible only to swap BTC - LTC ( so ltc - btc) or atomic swaps in bitcoiin are possible with few other projects that like Litecoin actually run the same code as BTC)
As I understand it you can do atomic swaps between any different blockchain as long as both support HTLC transactions. In reality you’re not sending anything from one chain to the other, you’re just doing 2 transactions separately on each blockchain, i.e. send from user A to user B on blockchain X and then from user B to user A on blockchain Z, therefore each user gets balance on each blockchain.
Wow, I had no clue LN and atomic swaps were all done with bitcoin scripting! Thanks for explaining this.