Is the lightning network capable of scaling to a billion users ?
Discussion
Idk
Sure
Great answer, i often read different. That past approx 100 million it’s a problem.
There will be bottlenecks, it would grow organically. When bottlenecks arise, routes around will be built and not everyone is gonna be running a node.
I think layer 1 is perfect, layer 2 is not there yet, I don't think the brightest and best are working on bitcoin and I don't think a billion users will use lightning.
But sure, why would it be impossible?
Just read new solutions were needed as lightning unlikely to cope as a standard fast micro payment solution at scale
If there's enough channels with enough capacities, I don't see why not. CashU will also help.
Any articles you can point me too ?
Good question
Liquidity will be the problem if a billion users appeared today. But then there are those who would add liquidity into the network to facilitate the volume of payments. Throughput wise the network can handle that number of users.
👀 nostr:npub19tcpurtt6xulhw0r6sc404j9jraj0h8me2lzs7z2tqewz7l0hpas59nlea
To the next billion!
Why is it that several people are suggesting there needs to be further options not yet developed to play that role?
Lightning does have its technical downsides, from an operator point of view. Its just one step along the way to a global solution. It may or may not end up being the last step that solves the problem. Got to remember that lightning is only around 5 years old, still a baby and lots of developments still to be made that haven't even been thought of yet.
On a slightly ironic note your lightning zap doesn’t work 😂
Wat
Yep, couldn’t zap you
Case in point, zaps go straight to my node and shit breaks.
Yep, very early and not user friendly to run oneself often. Getalby is solid but not the way for self sovereignty
Agreed without a certain amount of technical knowledge and comprehension of the underlying network, a light node is difficult. But then again its unfeasible and unnecessary for everyone to have their own node.
only in a custodial way
To create a lightning channel you have to create an on-chain transaction. Last few blocks had ~ 3000 transactions. So to get 1 billion lightning channels, it would take over six years if you managed to use every single transaction.