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"and with a greater degree of privacy" (seen in preview above) seems unrealistic. Why would an exchange give you greater privacy? They don't economize with privacy today just because they can't use LN.
This document outlines a few obvious lightning network use-cases for exchanges and their customers.
I like that it will provide customers the ability to store their own funds, and have the option to instantly deposit for when they want to trade. This is a big win for both exchange and customer. Customer doesn't need to trust the exchange to hold their coins long-term and can still trade, and it may help reduce the incentive for hacking exchanges since they won't need to hold as many funds.
Lightning settlement between exchanges is a bit more problematic, IMO. Having massive channels open is a security risk since they have to be in a hotwallet, although since exchanges often have to keep a lot of funds online anyway, that might get alleviated. There's also the fact that sidechains like Liquid are coming that can bear a lot of the burden of inter-exchange transfers.
Markets are down but *shitposts are doing just fine.
The Fall Of Certificate Authorities And The Rise Of Handshake
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