Wednesday, 15 January 2020

Payment efficiency of Lightning VS Bitcoin BCH

Right now according to fork.lol BTC 3hr average fees per block is $1,448.81 and TXs per block is 2297.71 yielding an average fee of $0.656. Given you need two TXs to open/close a LN channel, you need to buy 1,313 coffees just to match the payment efficiency of what Bitcoin Cash can do buying one coffee. You also need to lock a minimum of $5,906 in your channel. And this assumes only a centralising single channel is used and no routing/watchtower/liquidity provider fees are included.

Bitcoin Cash FTW

submitted by /u/where-is-satoshi
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source https://www.reddit.com/r/btc/comments/eowkis/payment_efficiency_of_lightning_vs_bitcoin_bch/

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