Some say that the Lightning Network is centralized, but from my point of view, it's still a decentralized solution to scale Bitcoin as anyone would be able to run a Lightning node at will. The huge advantages that it provides for Bitcoin such as dirt-cheap fees, and instant transactions would be too hard to ignore to implement in the future.
However, if the Lightning Network turns out to become a centralized solution for Bitcoin (like many claims it will), then it would be doomed as only those with a lot of wealth and power would be able to participate in this ecosystem.
What are your thoughts about this? Is Lightning really centralized? Or Decentralized?
However, if the Lightning Network turns out to become a centralized solution for Bitcoin (like many claims it will), then it would be doomed as only those with a lot of wealth and power would be able to participate in this ecosystem.
What are your thoughts about this? Is Lightning really centralized? Or Decentralized?
Honestly, to date I still don't understand about the character of Lightning-Network, Is it Centralized or Decentralized? But I have heard, that Lightning-Network is very good to implement especially for transaction purposes. By utilizing Lightning-Network, reportedly can carry out transactions with the cost of ZERO (but whether or not it's true or not). And I also heard the bad news, that by utilizing the Lightning Network it was rumored that it could damage the bitcoin ecosystem (this too, I didn't know the truth).
I also have difficulty following this debate regarding centralized vs decentralized. But since there are some people with deep knowledge maybe someone can explain what seems to be the problem with adoption. The last time I read an update about lightning there were only a few vendors that had it implemented. Is that such a hurdle from a technical point of view or what seems to be the slow adoption?