Author Topic: off-chain markets. Scalability.  (Read 1798 times)

zack

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off-chain markets. Scalability.
« on: February 27, 2015, 11:21:07 pm »
http://lightning.network/lightning-network.pdf

The oracles have to stay on-chain, but the LMSR markets can go off-chain.
Instead of having to wait the blocktime for trading, they will be able to trade instantly.
Instead of paying a fee for every trade, each user only pays one fee upon signing up.

Instead of putting every trade into the blockchain, only the net result of the off-chain market on each person's balance is recorded.

psztorc

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Re: off-chain markets. Scalability.
« Reply #1 on: February 27, 2015, 11:30:25 pm »
I saw that on r/bitcoin ... very cool.

The concept of batching the trades is what I was thinking of in the Excel sheet tab called (I think) "Some Accounting". It works along similar lines...batching the trades somewhere else and then submitting big updates. ( The math checks out, of course. )

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