Topic: Will the Lightning Network save bitcoin? - page 2. (Read 282 times)
Lightening network can help the scalability issue but because bitcoin is decentralized, it really not so much of lightening network. Many adapters are coming up daily to join the bitcoin platform because they are independent minded investors, wanting to have sole control of their investment.
Bitcoin is not in danger, have you seen the current crypto market? It's the shitcoins who need to be worried about their future, all their flashy features like instant free transaction, smart contracts and so on; they still can't get any users, because they are inherently centralized and don't have the track record of Bitcoin. Successful Lightning Network will help Bitcoin a lot, but even without it Bitcoin will still be the king of crypto.
The main problem was always scalability. Lightning Network has to a certain extent solved it. If you have created a product which was meant to compete with the global payment networks then you had to come out with a solution.
There is so much more to be done. But, things are moving in the right direction. In a few years, with Lightning Network, I am sure Bitcoin will become the best global payment network.
There is so much more to be done. But, things are moving in the right direction. In a few years, with Lightning Network, I am sure Bitcoin will become the best global payment network.
bitcoin doesn't need "saving" because it is not failing to want that!
lightning network, like many other things that were either added to bitcoin or built on top of bitcoin as their underlying technology over the past 10 years, is an addition to improve bitcoin more than it currently is. to add functionalities that weren't possible before, in a decentralized and secure manner.
lightning network, like many other things that were either added to bitcoin or built on top of bitcoin as their underlying technology over the past 10 years, is an addition to improve bitcoin more than it currently is. to add functionalities that weren't possible before, in a decentralized and secure manner.
Weather you like it or not, the Lightning Network is an interesting solution to the scalability problem Bitcoin is currently facing.
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