This article provides an extensive analysis of the past eight years of the Lightning Network, evaluating whether it has met its anticipated potential.
As expected, it highlights both the strengths and weaknesses of Lightning, with a primary emphasis on its limitations. The piece notes significant issues, such as the lack of network redundancy, which leads to unreliable payments in certain scenarios, and challenges in scaling effectively.
The author suggests that there is ample opportunity for other Layer 2 solutions to emerge, with Lightning potentially serving as a settlement layer among these alternative L2s.
https://allesvoorbitcoin.substack.com/p/lightning-network-our-high-maintenance