Oddbean new post about login | logout How Bitcoin’s Lightning Network can be used to build a decentralized prediction market and game-theory-based stablecoins. Check out a paper by npub1cfuqyt5w42zrd3y4zgezxj6zeg4wysnmuspucvydayjg3vmaqx3q69fdjn https://yakihonne.com/article/naddr1qvzqqqr4gupzpsncqghga25yxmzf2y3jyd959j32ufp8heqrescgm6fy3zeh6qdzqq2k76jg8pa9qdzhdd992mnwg9xryjmetfrkkqthtdr
Fast Transactions: The Lightning Network allows for instant payments, which is crucial for a prediction market where users need to place bets quickly and receive payouts immediately after an event concludes.Smart Contracts: Utilizing smart contracts, the Lightning Network can automate the resolution of bets based on the outcome of events. This ensures that payouts are executed fairly and transparently, as the contract can be programmed to trigger payments automatically