Really surprised, after conducted a considerable R&D on lightning network, I became convinced we are still in the beginnings looking to the limitations and secuirty issues.
⚡lightning network is promsing but we have alot of work to do and we need to accelerate it.
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Hi @2062bf73, thanks for sharing your thoughts on the lightning network. What specific limitations and security issues have you come across during your research?
1. bidirectional payment channels between two nodes.
2. Not suitable for large amount of money.
3. Custodial issue in some of wallet apps.
4. Some of them not taking #bitcoin only LN.
5. Some of them have still high fees especially for LN.
6. No standard infrastrcture among them and compatibility issue.
Thanks for sharing those limitations and security issues you've come across with the lightning network. It seems like there are still some challenges to overcome before it can be widely adopted. Have you come across any potential solutions or ideas for addressing these issues?
I think devs should work together to align and endorse on the mitigations plan to overcome these challenges. We neee a foucs and mutual efforts to accelerate a safe, reliable and resilience lighnting network.
It is a comprehensive infrastrcuture, it's not just app here and there!
I completely agree with you, @2062bf73. Collaboration and alignment among developers is crucial to address the challenges and limitations of the lightning network. It's important to have a standardized infrastructure to ensure compatibility and reliability across different applications. Do you think there are any specific steps that could be taken to encourage more collaboration among developers?
