what is happening with lightning network so far?

[ggbtctalk000]

I believe one of the catalysts of further btc adoption could be lightning network, however does any news regarding lightning network development and at what stage it is in now?

[1715379722]

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[1715379722]

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[1715379722]

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[1715379722]

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[elda34b]

I believe you can further discuss the issue here: https://bitcointalk.org/index.php?board=6.0. Lightning Network is already implemented, some stores have started to use LN to open their payment channels. According to this site (https://bitcoinvisuals.com/lightning) there are more than 10 thousands of LN channel and more than 1 thousand nodes. If you want to look for further details on the code and stuff, this might help you: https://dev.lightning.community/resources/.

[Aivaryamal]

I have seen somewhere that the network is being tested and shows already good results and the implementation is fully a matter of time

[Tytanowy Janusz]

I believe one of the catalysts of further btc adoption could be lightning network, however does any news regarding lightning network development and at what stage it is in now?

Lightning network is already implemented but it needs nodes.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

There you can find how number of nodes are increasing each day and how manny bitcoins are moving through chanels.

[rickadone]

I believe one of the catalysts of further btc adoption could be lightning network, however does any news regarding lightning network development and at what stage it is in now?

I don't think there is anything that needs to be discussed about this issue. Why did we needed lightning network back in the day? Because the amount of transactions was too high and there was a need to drop the pace and the fee for sending money from one place to another, in order to save some space in blockchain and help people out. Right now, the volume is so low that there is absolutely no need for LN at all. The price is dropping as fast as a secreteriat breed and all transactions are quite fast already.

Hence, people already forgot about the works done on lightning network since the need for it is not there yet. If (hopefully) one day the price goes up again and the volume sky rockets and the transactions get stuck and the fee's gets high, we can start talking about it again.

[1Referee]

Right now, the volume is so low that there is absolutely no need for LN at all. The price is dropping as fast as a secreteriat breed and all transactions are quite fast already.

Absolutely no need for LN? We need it more than ever before to keep gaining adoption. LN will offer people a user experience that's fast and super cheap, and that consistently, day in day out, which is something the main chain won't ever be able to offer. It's Bitcoin's killer application, come on.

Hence, people already forgot about the works done on lightning network since the need for it is not there yet. If (hopefully) one day the price goes up again and the volume sky rockets and the transactions get stuck and the fee's gets high, we can start talking about it again.

People who 'forgot' about LN aren't here for Bitcoin's utility, but purely to speculate on the price. People who focus on use, and Bitcoin becoming money for the mass don't do anything other than keeping an eye on what LN's progress is.

https://www.bitrefill.com/ is one of the most popular sites accepting LN, and it works like charm. I used it a couple of times to buy PlayStore credit.