Great news from LN: According to Decker
each channel can process about 500 transactions per second. With thousands of channels being utilized at once, Bitcoin could theoretically scale beyond not only any other cryptocurrency but any other payment method, including VISA.
In addition to the talk about scaling, Decker explained that using the lightning network would be impossible to track sending/receiving bitcoins, as long as the user has more than one open channel.
After all this, Bitcoin Cash fans are still surprised by all the positive about the lightning network.
Read more and source
https://coinjournal.net/scaling-layer-2-and-cryptographic-innovations-discussed-at-consensus-2018/ * * This text from the middle of the conversation.[Scroll down the cursor]
Lightning Network is an off-chain solution, it is just a third party service offered to bitcoin users. What Bitcoin needs is an on-chain solution being able to accomodate an increased incoming transaction stream without the effect of fees rising astronomically. Only then you can speak about a decentralized payment system.
What LN offers, an off-chain solution, a third party payment service - well, it can be built upon anything, glass beads or shells too.