With lightning each pair of peers still generate opening and closing transactions that need to bid for blockspace. With CTV, I understand that a single onchain transaction could be shared by an arbitrary number of people that are actually transacting offchain (say, millions of people). Seems to obsolete the need to bid for blockspace with much more intensity.

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Would you please be able to explain to me what CTV is like I am 10 yrs old. I don't really understand it, I've tried to read papers on it but I'm lost.