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Is Decred's Lightning Network non-custodial? Addressing the misconceptions and misinformation surrounding the non-custodial nature of the Lightning Network.



Is Decred's Lightning Network non-custodial? This question comes up frequently. The short answer is “yes”, but to be more specific we’ll need to look into some general misconceptions, which are plenty. For this discussion, we’ll focus on how Bison Relay has implemented the Lightning Network.

0:00 - Start
0:30 - Dev Updates
3:38 - Decred Website Revamp
3:57 - Politeia Proposals
6:00 - Community Updates
7:50 - Quick Stats


Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Find out more about Decred: https://decred.org

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Cryptocurrencies normally have a predetermined supply schedule or a fixed issuance rate encoded into their code. This finite supply creates scarcity, making each unit of the cryptocurrency more valuable as demand increases.



Will Bitcoin Succumb to Corporate Hegemony, or Will Decentralization Prevail?



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The big question, What can you do with microtransactions, and why could they be the number one use-case for all blockchains? In many respects, this is a significant step for blockchain technology. It’s the area of the tech that has completely failed to this point.



When people discuss blockchain scaling, they normally allude to the problem of getting a transaction confirmed quickly, cheaply and having enough block space to process plenty of transactions per second. This is indeed an issue, and is definitely one factor that has hindered mainstream and merchant adoption. No one enjoys services that are unpredictable, slow, and expensive.



Microtransactions are an intense reaction to this issue. Which basically says, “I want to take the smallest unit available on the network and send it to someone else on the network. The cost for this transaction should also be equal to or less than the smallest unit on the network. This should also happen instantly and have the capacity for hundreds of thousands of transactions per second!”.



find out more on:


decred.org
bisonrelay.org
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A global peer to peer digital currency is a massive ledger of every transaction ever created from the genesis to the present day. For a network to remain peer to peer, solutions need to be found that reduce the burden of running the network and also allow for frictionless payments of the smallest quantities.



Most individuals can’t comprehend the amount of storage and computing power it takes to achieve the goal of producing 1000s of small transactions per second. The aim of this discussion is to shine a bright light on transaction scaling, with a specific focus on micro transactions.



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Decentralized Identity (DID) is a concept within the Cypherpunk movement that revolves around individuals having control over their own identity without relying on centralized authorities.



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