Lightning Network in Mass Adoption

[Andy H.]

How can the Lightning Network be further developed and scaled to facilitate more widespread adoption of Bitcoin as a daily payment method?

What are the key challenges and potential solutions?

[_act_]

There are many wallets that are bitcoin lightning network wallets and also newbie friendly. Example are Phoenix, Zeus, Aqua and Muun wallet.

There are many exchanges that are having lightning network now. Example are Binance, Coinbase, OKX, Bitget, BitMart, Kucoin, Bisq, Robosats, Exch, Paxful, Noones and many other exchanges.

The problem today is that it is people that do not just want to use lightning network because they think it is not easy to use it but they are wrong.

[Ambatman]

How can the Lightning Network be further developed and scaled to facilitate more widespread adoption of Bitcoin as a daily payment method?

What are the key challenges and potential solutions?

There are quite some issues that has been limiting the adoption of lightning network and one of them is many consider it quite complex and strenuous by those who are not technically learned or curious not excluding Bitcoin merchants.

For better knowledge you can check the thread out https://bitcointalk.org/index.php?topic=5158920.msg51615708#msg51615708
It was created to prevent duplications and help in organizing knowledge of LN in a single thread.

The problem today is that it is people that do not just want to use lightning network because they think it is not easy to use it but they are wrong.

Well to you it might be easy but not everyone have the foundation and patience to navigate a technology that  new.

[hd49728]

How can the Lightning Network be further developed and scaled to facilitate more widespread adoption of Bitcoin as a daily payment method?

You can get many topics on Lightning Network.
[Table] All Lightning Network Threads In One Place
Lightning Network resources

What are the key challenges and potential solutions?

Months ago, there are some concerns on security.
Bitcoin Lightning Network Developer Resigns Amid Security Concerns

Lightning Network has good adoption in 2019 and 2021 but recent months, total number of open channels drops a lot.
https://txstats.com/d/000000012/lightning-network?orgId=1&from=1483228800000&to=1725494399000

[JiiBs]

What are the key challenges and potential solutions?

When it’s ain’t Bitcoin network, it just isn’t and that remains the main challenge of the LN as we have it today.
It remains a cross bridge, one that works eventually but, if many users subscribe to using it, well no and that’s largely because, it’s not originally a Bitcoin network.

Any possible solution,
I guess not. It’s just left for the people to come to terms with it and that’s it.

[BlackHatCoiner]

The key challenge is the complexity and limitations involved for keeping custody. You need to always be online to receive a payment. Payments fail to complete often, and this can be a red flag from a customer's perspective. Backing up your funds is far more complex than writing down a phrase. Liquidity constrains require from the user to manage channels.

All these problems can be resolved if covenants become implementable in Bitcoin. Only then can we talk about global adoption.

[Text]

One of the major challenges is the user experience—setting up and managing a Lightning node is still too technical for the average user. Another challenge is routing issues; as the network grows, finding the most efficient path for payments becomes more complex.

Solutions like multi-path payments and liquidity pools can enhance the network's ability to handle larger transactions and reduce failed payments. Additionally, watchtowers and better privacy features can be developed to make the network more secure and user-friendly. Solutions like liquidity providers that can offer routing as a service might be essential.

[Findingnemo]

Lightning Network has good adoption in 2019 and 2021 but recent months, total number of open channels drops a lot.
https://txstats.com/d/000000012/lightning-network?orgId=1&from=1483228800000&to=1725494399000

It's not dropped that much drastically to worry about adoption, it's a dip caused by the fee for making TX became cheaper in the last couple of months since Ordinals attack so users might prefer on-chain TXs over the lightning network. The exchanges implementing LN deposits and withdrawals itself a sign that we are moving towards the next step so now all we have to worry about making it as an actual payments then LN will comes in real handy until that it's just an escape route for high TX fees.