PTLCs are not an upgrade, HTLC channels cannot route to PTLC ones, that means for Lightning to use PTLCs every hop along the route needs to be using them. It's effectively a network hard fork.
That also means any cost savings assumptions need to consider the cost of rolling existing liquidity, channels that have existed for years and paid for themselves many times over, into PTLC channels and unwinding/pushing out that ROI.
I still don’t understand HTLC enough to go on and understand another kind of contract now. He locked the article in the point where he was starting to explain his point.
Slop, sign-up gated slop at that.
Re: the title
PTLCs are not an upgrade, HTLC channels cannot route to PTLC ones, that means for Lightning to use PTLCs every hop along the route needs to be using them. It's effectively a network hard fork.
That also means any cost savings assumptions need to consider the cost of rolling existing liquidity, channels that have existed for years and paid for themselves many times over, into PTLC channels and unwinding/pushing out that ROI.
I still don’t understand HTLC enough to go on and understand another kind of contract now. He locked the article in the point where he was starting to explain his point.