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Payment efficiency of Lightning VS Bitcoin BCH

Payment efficiency of Lightning VS Bitcoin BCH

Bitcoin Reddit

Reddit / Bitcoin Reddit 9 Views

TL;DR Right now a Lightning user must buy a minimum 1,313 coffees and lock a minimum of $5,906 in the channel just to match the payment efficiency of Bitcoin Cash.

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 does buying a single coffee. You also need to lock a minimum of $5,906 in your channel. Assuming only a crappy centralizing single channel is used and no routing/watchtower/liquidity provider fees are included.

With 3 channels (min for decentralization), this rises to 3,939 coffees and $17,718 locked up.

Lightning - why bother

Edit: clarity

submitted by /u/where-is-satoshi
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