bitcoin core – Will “Taproot” change Lightning Community?


With respect to the unique Wording of the Query I consider Taproot will really make the Lightning Community Pointfull as a substitute of Pointless.

Whereas Taproot permits us to avoid wasting area on the bitcoin base layer it is not going to make the lightning community out of date. Bear in mind the primary difficulty with respect to onchain scaling is {that a} protocol the place each transaction is broadcasted to each participant is simply to inefficient if transactions ought to characterize a considerable fraction of financial funds on the planet.

With respect to the Lightning community there are literally many enhancements doable for the Lightnign community if Taproot is activated. Most notably the truth that we are able to have Level Time Lock Contracts as a substitute of HTLCs which give us a far more flexibility within the cost course of as addition of factors and secrets and techniques is linear the place as cost hash addition and secrete addition just isn’t linear eg:

H(r1+r2) != H(r1) + H(r2)

The property of linearity permits us to have functions like

  • stuckless funds
  • cost deceolleration
  • escrow companies

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