Proposal: using 2 multisigs to open a lightning channel

MaxHillebrand / LightningMultiSig

Non-Simulated Shared Ownership of scarce bitcoin with Multi Signatures in the Lightning Network

https://towardsliberty.com/multisig

Creative Commons Attribution 4.0 International

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Proposal: using 2 multisigs to open a lightning channel #2

Open prahaladbelavadi opened 5 years ago

prahaladbelavadi commented 5 years ago

On the current lightning network, we use a 2/2 multisignature transaction to open a channel. what if two multisignature addresses opened a channel by having a 4 inputs in a p2sh channel ?

This is very vague. I do not understand lightning to its entirety. I might be wrong as well. I'm hoping to discuss and learn more about if and how multisignatures can be made possible within the lightning network

MaxHillebrand commented 5 years ago

Thanks for your insights! Sorry for the late reply...

I have thought about something like this as well, and have an early draft here. Basically, we would generate a m-of-n commitment transaction, but this adds a lot of complexity and there are probably game theoretical concerns as well...

Could you elaborate on where your proposal differs from my writing?

prahaladbelavadi commented 5 years ago

Hey Max, I did read through the document. I'm not sure how its different or similar. I'm not very familiar with the vernacular used in general. Stuff like script operations and schnorr signatures, I don't understand yet. Do allow me some time to dig through and understand it. I think I can better convey it if I could understand it properly.

I hope that's okay