105 sats \ 1 reply \ @om 8 Jun 2023 \ on: Will the lightning network destroy and absorb all altcoins? bitcoin
LN itself is not in competition with blockchains. You could in principle settle LN channels on any blockchain, or simply on trust, or on government-enforced contracts if you feel like licking boots. There's LN for Litecoin and also there's Raiden for Ethereum.
With Taro upgrades which will allow intermediate nodes to exchange assets it is not inconceivable that you could send BTC over LN and the recepient would get ETH over Raiden, exchanged somewhere in between.
"With Taro upgrades which will allow intermediate nodes to exchange assets it is not inconceivable that you could send BTC over LN and the recepient would get ETH over Raiden, exchanged somewhere in between".
This is the first I've heard of it.
Thanks
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