
Lately, people are starting to have doubts about the Lightning Network, which was supposed to help Bitcoin handle lots of transactions quickly. Some of the smart people who were working on making it better have decided to stop, and there are some problems that they still need to fix.
Protos, a place that writes about news, and The Node newsletter shared this news. They’re talking a lot about what might happen to Bitcoin soon, especially with something called the “halving” happening in April 2024.
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- Growing doubts within the crypto community about the Lightning Network’s effectiveness.
- Departures of key Lightning Network developers highlight ongoing technical and operational issues.
- Financial investment in the Lightning Network increases, despite mixed signals on network health and user adoption.
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Reevaluating Bitcoin’s Lightning Network: A Shift in Sentiment?
The Lightning Network was a big plan to help Bitcoin do more things at once without getting too slow or expensive. But now, even the people who first thought of it, like Tadge Dryja and Joseph Poon, are busy with other projects instead.
There have been some glitches and problems with the Lightning Network, but usually, they fix them pretty fast. Still, some people aren’t happy about things like how much it costs to use or worries about keeping things private.
John Carvalho, who used to be a big fan of the Lightning Network, changed his mind after he tried to make something using it. He and another person who knows a lot about Bitcoin, Paul Sztorc, have shared their concerns about whether the Lightning Network can really do everything it promised.
Even with these worries, people are still putting money into the Lightning Network. But there are fewer places using it, and they’re not connecting as much, which makes it hard to tell if it’s really working out.
CoinDesk says talking about Lightning Network problems is good because it helps make it better. Making Bitcoin better is always good, even when it’s hard.
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