melvincarvalho on Nostr: I think few realize how cheap side chains can be. And that anyone can run one. You ...
I think few realize how cheap side chains can be. And that anyone can run one. You just need a 2/3rd majority of nodes that will not cheat. Now that we have a few reliable relays, they could bootstrap a new economy, then add more with dynafed, that the users trust. The cost of storing transactions would be insanely low, and therefore, so could the cost of on-chain zaps. You can also add things like silent payments and confidential transactions for users that want privacy with a slightly bigger tx. Plus enable op codes and all sorts of new innovation, as liquid has done. Fees could be a fraction of a sat, competing with lightning. But lightning could also be used. And dont forget that lightning can live on top of a side chain. Taproot opens up so many possibilities we have yet to explore!
Published at
2025-01-25 18:11:02Event JSON
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"content": "I think few realize how cheap side chains can be. And that anyone can run one. You just need a 2/3rd majority of nodes that will not cheat. Now that we have a few reliable relays, they could bootstrap a new economy, then add more with dynafed, that the users trust. The cost of storing transactions would be insanely low, and therefore, so could the cost of on-chain zaps. You can also add things like silent payments and confidential transactions for users that want privacy with a slightly bigger tx. Plus enable op codes and all sorts of new innovation, as liquid has done. Fees could be a fraction of a sat, competing with lightning. But lightning could also be used. And dont forget that lightning can live on top of a side chain. Taproot opens up so many possibilities we have yet to explore!",
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