Do you think the lightning network can scale to be a highly used global payment system? It seems like it may not be able to.

If the Bitcoin network can handle around 7 transactions per second, that’s around 220,752,000 transactions per year. If billions of people need to make at least 2 transactions to open and close a channel a year, that’s more transactions than the Bitcoin network can handle. If I’m missing something here please let me know.

How can Bitcoin scale to become a global payment system? Are there any projects out there that have a different approach than lightning? Does the Bitcoin blockchain need to change in order to scale?

#bitcoin