Only necessary if you have a material amount of coin in Lightning and your node risks going down for more than just a blip. (40+ blocks depending on your settings)
The watchtower acts as an enforcer of justice transactions if your node is down and one of your channel peers tries to rug you while its down.
It's a separate service you'd want on a separate system/isp/backing chain instance, which is a fair amount of lift so usually only routing/business nodes have one. The threat that you might have one is generally enough to keep the system honest.
Proposals to eliminate justice txn's on Lightning for "safety" are just efforts to undermine and break the online-ness incentives of the protocol. "LNHance" for example. Treat these people with due derision.
A tower would be unlikely to help if the chain split went sideways, but I didn't take any action in advance of that because it was clearly going to be a nothingburger. Closures we saw before were more likely a result of reducing hot-wallet risk due to the increase in zero-days on software like BTCPay and Boltz, I wouldn't attribute any credit to 110... only Start9 suggested such and was off their rocker.
Only necessary if you have a material amount of coin in Lightning and your node risks going down for more than just a blip. (40+ blocks depending on your settings)
The watchtower acts as an enforcer of justice transactions if your node is down and one of your channel peers tries to rug you while its down.
It's a separate service you'd want on a separate system/isp/backing chain instance, which is a fair amount of lift so usually only routing/business nodes have one. The threat that you might have one is generally enough to keep the system honest.
Proposals to eliminate justice txn's on Lightning for "safety" are just efforts to undermine and break the online-ness incentives of the protocol. "LNHance" for example. Treat these people with due derision.
A tower would be unlikely to help if the chain split went sideways, but I didn't take any action in advance of that because it was clearly going to be a nothingburger. Closures we saw before were more likely a result of reducing hot-wallet risk due to the increase in zero-days on software like BTCPay and Boltz, I wouldn't attribute any credit to 110... only Start9 suggested such and was off their rocker.