Examples of using Second-layer in English and their translations into Vietnamese
{-}
-
Colloquial
-
Ecclesiastic
-
Computer
Does Bitcoin Cash have no plans to adopt SegWit, or the Lightning Network,or other second-layer technologies at all?
This week, second-layer scaling solution for bitcoin in Lightning Network was launched in mainnet, through the launch of its beta software.
The Lightning Network ushered in the promise of easingnetwork congestion by moving on-chain transactions to the second-layer protocol.
The Lightning Network isperhaps the most promising(but not the only) second-layer technology being developed that will make this possible.
Plasma is a second-layer scaling solution that, in tandem with state channels, seeks to provide additional throughput, and finality, but with some additional trade-offs.
For many years,the Ethereum developer community has tried to implement second-layer solutions and make a big pivot to the proof-of-stake(PoS) consensus algorithm.
By solving transaction malleability, SegWit eliminates what used to be a minor problem for Bitcoin itself,but a major barrier to implementing second-layer solutions on top of it.
Through the combination of SegWit and the second-layer protocols, blockchain networks can handle a larger number of transactions, with more efficiency and lower costs.
Following the statement, Jack Dorsey also tweeted today that he has joined a community experiment within the Lightning Network(LN),Bitcoin's second-layer scaling protocol.
And, over time,Charlie Lee predicts that Lightning Network and other second-layer solutions will solve many of the scaling problems experienced by Bitcoin on the base layer.
Even though some second-layer scaling solutions are being implemented, they're largely untested and may still not reach the level of scalability that an enterprise-level company like Amazon would need.
Peter Todd, a well-known Applied Cryptography Consultant, has honed in on the way in which theLightning developers are trying to build this second-layer payment protocol that operates on top of a blockchain.
The Lightning Network(LN) is a second-layer solution to Bitcoin's scalability limitations, which works by opening payment channels between users that keep the majority of transactions off-chain.
But what is happening is that as time goes on, more technologies make it easier for us to use,” he said,referencing second-layer scaling solutions such as the Lightning Network and altcoins such as bitcoin cash.
Second-layer solutions such as the Lightning Network might help, but the only fundamental remedy would be to depart from proof-of-work, which would probably require some form of social coordination or institutionalisation.
As has been said earlier, SegWit solves the long-term problems with Bitcoin's insufficient transactioncapacity only insofar as allowing for implementation of second-layer sidechain solutions, such as the Lightning Network.
Arguably even morehighly anticipated than an increased block size, second-layer technologies like the Lightning Network or, further out, Merkelized Abstract Syntax Trees(MAST), will be more easily built on top of Bitcoin, thanks to Segregated Witness.
Additionally, and perhaps more importantly, SegWit transactions won't suffer from the“malleabilitybug,” which in turn enables advanced second-layer protocols like the Lightning Network, atomic swaps, MAST, and more.
The utilization of second-layer payment channels like Lightning and Plasma will enable cryptocurrencies like bitcoin and Ethereum to remain as secure store of values, while payment channels operate like the Visa network and are launched on top of the cryptocurrencies.
There are solutions to help mitigate fees further, most notably the lightning network, which made important strides in the first quarter andshows promise as a stable, second-layer solution for frequent and smaller transactions.
Blockchain data from Omni, the second-layer protocol that operates on the Bitcoin blockchain and serves as the infrastructure for the tether token, reveals that cryptocurrency exchange Bitfinex sent 300 million USDT to the Tether treasury address last week through two separate transactions.
So far, in 2017, the Ethereum development community has been active,with innovative developments around the Byzantium hard fork and second-layer solutions lIke Plasma that are expected to create a more efficient ecosystem for decentralized applications.
I am announcing that 100% of my OmiseGo+ Kyber Network advisor shares is going to be either donated to charity(AMF, GiveD, SENS and so on)or used to privately fund Ethereum second-layer infrastructure or some combination of the two.
That not only represents a 3,200 percent increase in network capacity but also accomplishes this feat apart from Plasma andother second-layer scaling solutions that increase network capacity by moving the majority of transactions off the main blockchain while retaining its security.
That not only represents a 3,200 percent increase in network capacity but also accomplishes this feat apart from Plasma andother second-layer scaling solutions that increase network capacity by moving the majority of transactions off the main blockchain while retaining its security.