I realize that we are still very early in the deployment of Lightning network, but is there a sense of how things have been performing thus far? Is this the solution which BTC has been waiting for? I'm hoping to get a sense from anyone who is well knowledgeable about the project's development.

closed as primarily opinion-based by Shabahat M. Ayubi, alcio, chytrik, Willtech, Murch Mar 9 '18 at 16:15

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • I'm afraid this question is quite broad and undefined, definitions such as "success" differ greatly from person to person, and it's not really clear what you're asking. Lightning is doing really well so far, but you'll need to ask a more specific question about it – MeshCollider Feb 22 '18 at 9:42
  • Sorry for the broad question. I'm more interested in eliciting feedback from people knowledgable about the project to provide a opinion about if it is achieving the objectives it set out to accomplish. A specific question I would have is does the fact that there will be very few connections on the side chain initially slow/prevent the processing down to the point that the project is in danger of not catching on? – kawanaCrypto Feb 22 '18 at 17:03
  • Quick note that lightning is very different from a sidechain – MeshCollider Feb 23 '18 at 3:10
  • Might be a better question for [lightning-dev]. – Willtech Mar 6 '18 at 9:59

Yes, as of writing, there is an overwhelmingly positive sense of how things are performing thus far - more than 800 nodes with 1600 channels are already on the main net, and micro transactions exchanged more than ~40.000 USD. It is unclear what you mean by "the solution which BTC has been waiting for". Who is BTC? The community, using bitcoins?

The solution can be SEGWIT, Lightning, SCHNORR sigs, Smart contracts ... ??

Maybe you talk about blocksize, or the fee peak problem in December, which has been discussed in several channels, with many politics involved. This peak has meanwhile reduced to normal values, and doesn't exist anymore (see here). There is also a common sense, that with future lightning adoption this will not re-occur.

I want to stress the point, that lightning is on mainnet, but at a very, very early stage. It is not recommended to be used by newbies, it is more for experts to see behaviour in real world (after extensive tests in test environments).

  • I even read some comments elsewhere that I took to mean that the actual operation of lightning is not even finalised yet. – Willtech Feb 22 '18 at 12:11

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