CandleFocus Glory days: Why we can’t forget Lightning Network
2024-12-26
Author: Content Editor
The article discusses the Lightning Network, a layer-2 solution for fast and cheap bitcoin transfers. It explains that Lightning allows users to open payment channels, only requiring the first and last transaction to be recorded on the Bitcoin blockchain. The article mentions the adoption of Lightning by El Salvador for its Chivo app and other payment processors. However, it also notes that Lightning growth has stagnated in the past two and a half years. The article reminisces about the early days of Lightning when experimental apps and micropayment gimmicks were popular. It concludes by lamenting that the Lightning Network may never return to those days.
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