Exploring blockchain's 2nd layer:
, blockchains are now larger and too unwieldy for an average retail PC.
However, LN technology fans won’t talk too much about its timeline, or that conceptually similar second layer solutions were proposed long enough ago to sew doubt about its arrival.as a potential solution to upcoming scaling problems in 2013, three years before LN was conceptualized. Even the original and still anonymous Satoshi determined that second layers may be necessary at some point.
Technological trends always come in waves, which wash away the flaws of previous iterations and leave deposits of improvement for the next to build on. Accordingly, LiquidApps is a second layer that hooks EOS into a network of service providers, with a primary service being the distribution of vRAM, expanding development capacity past the expensive confines of the underlying blockchain.
The LN will lighten the load by hosting private ‘payment channels’ between two users, which is a mini balance sheet on which they can transact in BTC instantly, with the main Bitcoin blockchain used only to index and authenticate them.
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