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RE: LeoThread 2025-10-13 12-40

in LeoFinance5 days ago

Part 6/12:

Bitcoin Cash offers a trustless, direct transfer system—no intermediaries are necessary. Users can send BCH directly to others without reliance on any middlemen, banks, or third parties. The system remains censorship-resistant and truly peer-to-peer.

Lightning, however, relies heavily on third-party nodes with liquidity to facilitate transactions. These are often centralized "hubs" or large custodians, similar to digital payment processors like PayPal. The reliance on such nodes introduces risks: they could be compelled or manipulated by governments, or become unavailable due to technical or legal reasons.

The Trust Problem: Watchtowers and Centralization