Bitcoin Forum
May 25, 2024, 07:45:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Will 2021 become the year of the Lightning Network?  (Read 622 times)
BuNga_cute
Full Member
***
Offline Offline

Activity: 1736
Merit: 116



View Profile
January 19, 2021, 11:11:24 PM
 #41

I think Bitcoin requires the Lightning Network to run optimally this year, so that the adoption process can run even faster. And Bitcoin is not only
a digital asset, but the main purpose of Bitcoin being created as a currency can be realized well. Because nowadays many people only use Bitcoin
as a digital asset, while Bitcoin as a payment method is not going well.

So I really hope this year Bitcoin can really maximize using the Lightning Network to solve the problem of slow and very expensive Bitcoin transaction
fees. So we can really experience using the Bitcoin payment method well.

███████ ███████        R O L L B I T               CRYPTO'S MOST INNOVATIVE CASINO               [ PLAY NOW ]        ███████ ███████
//     WHITEPAPER     //          R L B          //     RLB LOTTERY     //
███████ ███████      |       Twitter       |        ►   S P O R T S B O O K   |   [ N E W ]  C L A N S   ◄        |      Discord      |      ███████ ███████
Maria2112
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile WWW
January 20, 2021, 01:00:57 AM
 #42

Let's hope so. It's getting so expensive to move bitcoin around
Walterhank
Jr. Member
*
Offline Offline

Activity: 70
Merit: 1


View Profile
January 20, 2021, 07:46:22 AM
 #43

I think this is where litecoin plays a massive role. Usage of BTC and LTC as a combination can be very beneficial for the industry.
Abiky (OP)
Legendary
*
Offline Offline

Activity: 3206
Merit: 1363


www.Crypto.Games: Multiple coins, multiple games


View Profile
January 27, 2021, 05:07:45 PM
 #44

I also don't think it's LN's year.
I have not heard of any official announcements.
I have honestly had a hard time understanding how it works. Download the BlueWallet app I had to put it aside because I didn't give it enough time to know how it works.
I'll have time to take a look at it.

Doing a search I found a tweet from Cobra the owner of bitcoin.org. and he says the following:

Quote
2021 will be a key year for Lighting Network. It's been 6 years of development now. It needs to start justifying the hype or it will fade.

Whether you're a fan or not, it needs to get going, and exchanges and companies like @CashApp need to back up their kind words with action.

https://twitter.com/CobraBitcoin/status/1350973565475106819?s=19

We bitcoin users know the difficulties we have regarding scalability, fees, security and others. Now that micropayments could become a hit in bitcoin, we still need convenient apps.
Meanwhile bitcoin is seen as a store of value.

It's quite disappointing to see declined interest in the Lightning Network these days. I believe that the complexity of Bitcoin's second-layer scalability solution greatly limits its level of mainstream adoption. If it was easy enough to send/receive micropayments through the Lightning Network, it would've skyrocketed by now. We're now in the beginning of 2021, but people are still focused on using the main Bitcoin blockchain for everyday payments. Others are into the "ETH hype" as new "De-Fi" platforms emerge like there's no tomorrow. The Lightning Network is out of the spotlight as people have been using other coins to save off fees and reduce waiting times. Believe me, it's much easier to use an altcoin than the Lightning Network for mainstream transactions. As long as the LN has its limitations, it won't be going anywhere.

Nonetheless, who knows what 2021 will bring? The Lightning Network's level of success will depend on how far developers are willing to go in order to make it as user-friendly and reliable as possible. Marketing/promotion efforts needs to be improved if the community wants the LN to go somewhere. No matter if the Lightning Network succeeds or fails, Bitcoin will survive for a long time. Just my thoughts Grin

█████████████████████████
███████▄▄▀▀███▀▀▄▄███████
████████▄███▄████████
█████▄▄█▀▀███▀▀█▄▄█████
████▀▀██▀██████▀██▀▀████
████▄█████████████▄████
███████▀███████▀███████
████▀█████████████▀████
████▄▄██▄████▄██▄▄████
█████▀▀███▀▄████▀▀█████
████████▀███▀████████
███████▀▀▄▄███▄▄▀▀███████
█████████████████████████
.
 CRYPTOGAMES 
.
 Catch the winning spirit! 
█▄░▀███▌░▄
███▄░▀█░▐██▄
▀▀▀▀▀░░░▀▀▀▀▀
████▌░▐█████▀
████░░█████
███▌░▐███▀
███░░███
██▌░▐█▀
PROGRESSIVE
      JACKPOT      
██░░▄▄
▀▀░░████▄
▄▄▄▄██▀░░▄▄
░░░▀▀█░░▀██▄
███▄░░▀▄░█▀▀
█████░░█░░▄▄█
█████░░██████
█████░░█░░▀▀█
LOW HOUSE
         EDGE         
██▄
███░░░░░░░▄▄
█▀░░░░░░░████
█▄░░░░░░░░█▀
██▄░░░░░░▄█
███▄▄░░▄██▌
██████████
█████████▌
PREMIUM VIP
 MEMBERSHIP 
DICE   ROULETTE   BLACKJACK   KENO   MINESWEEPER   VIDEO POKER   PLINKO   SLOT   LOTTERY
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!