Lightning scaling idea formalized in Poon–Dryja paper
Labels: Poon, Dryja, Lightning paperJoseph Poon and Thaddeus Dryja published an early draft describing the Lightning Network: a way to move many Bitcoin payments “off-chain” into payment channels while still using the Bitcoin blockchain for security. The proposal focused on fast, low-fee payments by only recording channel opens and closes on-chain. This paper became the starting point for later protocol specs and software implementations.