Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on March 07, 2019, 10:29:33 AM
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The Lightning Network is lauded by its proponents to be the ultimate fix to any scaling problem Bitcoin will encounter. It is an added layer to the Bitcoin protocol. The added layer is intended to create a faster channel to make payments.
The scaling issue is seen as Bitcoin’s biggest hurdle, but the Lightning Network provide instant payment solutions that will allow people to use Bitcoin to buy something as simple as a cup of coffee.
Twitter user @kerook Noted the growth the Lightning Network has been experiencing.
https://twitter.com/kerooke/status/1102669700872384512
Perhaps one of the most important endorsements the Lightning Network has received came from Twitter and Square CEO Jack Dorsey. Dorsey has already stated his belief in Bitcoin as the native currency of the internet. His statements excite many in the space and now his latest comments on Tippin.me have caused even more growth.
As the Lightning Network expands its reach, using cryptocurrency will only get easier. Mass adoption will certainly be aided by the ability to use Bitcoin in everyday settings. Anthony Pompliano recently hammered home the fact that traditional credit card companies could lose out to Lightning Network and all of the advantages it offers.
https://twitter.com/APompliano/status/1101651904940134400
If everyone just remains content to “HODL”, Bitcoin and other cryptocurrencies will never become the norm. Ultimately, great use cases and solving current problems is what will cause adoption. If people realize that they could save money and time by using tools such as the Lightning Network, then and only then, will they decide to use it.
Source: ZyCrypto (https://zycrypto.com/lightning-network-growing-as-bitcoin-rallies/)
How about you, guys what's your opinion on this news article?
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It's great to see Lightning growing so fast, if LND was a cryptocurrency, everyone would want to invest in it due to it's growing network & useage. Fortunately it's not, a crypto, but goes to show that if you wanted to invest in this new technology, then you should set up an LND node as a merchant in order to benefit from it's growth. This could really be the necessary technology for widespread adoption.
I remember how skeptical people were in 2017 about lightning, and how long it took to finally come out of beta testing, but now no-one can complain about how fast it's being adopted. It's likely we'll look back at years from now to times like December 2017 as the big "scaling issue" that Bitcoin faced.