Does the Lightning Network Threaten Bitcoin’s Censorship Resistance?

The
Lightning
Network

may well be Bitcoin’s primary solution to the issue of

scalability

, but many skeptics believe there are unresolved issues with this
layer-2 system

for the blockchain. The possibility of too much centralization via
so-called “supernodes” is one of the common criticisms of the
Lightning Network, and attached to that is the fear of these new,
mostly -centralized payment hubs having the capacity to censor
transactions.

Bitcoin Magazine

recently reached out to
BitGo

Engineer and
Statoshi.info

creator
Jameson Lopp

to get his thoughts on the possible privacy issues associated with
the Lightning Network.

Lightning Network May Offer Better Privacy

Although a loss of privacy is sometimes mentioned as a possible,
negative aspect of the Lightning Network, the reality is that it
may offer better privacy than the current base layer of the Bitcoin
blockchain. This is mainly due to the fact that the blockchain is
an open, mostly -transparent ledger that can be viewed by anyone
via a
block
explorer

.

Lopp made this point during an interview with
Bitcoin Magazine

:

“I expect that privacy will actually be better on the
Lightning Network than
on-chain

because

Read more ... source: TheBitcoinNews

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