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1 sat \ 0 replies \ @ugmug 10 Nov 2021 \ on: Do you consider the Lightning Network a Proof-Of-Stake System? Why or Why not? bitcoin
I might even call it a Proof of Reserves system. In a channel, the reserves are verifiably in the multisig on-chain. 100% of the BTC in LN is backed by these locked funds. This way the terminology of how PoS is used as a consensus mechanism isn't confused with BTC L2 solutions.