4 ms·
Lightning Network has been in development for a very long time and still doesn't work well enough. For example, payments are not assured to complete, and the pr
by BMSmnqXAE4yfe1 6y ago
Lightning Network has been in development for a very long time and still doesn't work well enough. For example, payments are not assured to complete, and the probability of transaction failure increases dramatically if transaction value exceeds $100. Fees on LN are also pretty high, on the order of 1-2% of transaction value. Maybe these shortfalls will be ironed out, maybe not ...
- xwvvvvwx 6y agoHave you tried Breez [1] on ios or phoenix [2] on android? Non custodial mobile lightning wallets have come a long way. Lightning still has some rough edges (async payments) and unsolved issues (spam resistance) but it’s a lot closer to being a convincing private scalable p2p payment network than many realise. [1]: https://breez.technology/ https://breez.technology/ [2]: https://phoenix.acinq.co/ https://phoenix.acinq.co/
- BMSmnqXAE4yfe1 6y agoI used LN many times, it works very nice for small payments ... maybe we need another layer 2 network for medium sized payments $100-$10000?