When comparing the Lightning Network to the legacy payment systems, all detractors either miss or intentionally leave out the most important distinction that gives LN its major advantage —> **Zero counterparty risk**

Unlike the bank (or anything we’ve previously known), with the Lightning Network the other party can’t decide not to give you the money they owe you. A blockchain confirmation will always set the record straight. Unlike the bank, the Lightning Network involves zero trust in the other party to give you your funds.

http://bit.ly/2pK7q0w

Submitted December 28, 2017 at 12:13AM by Lejitz http://bit.ly/2E0sIKx