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?
We all are ware with this decentralised nature of bitcoin as we all know that there is no such proper authentic regulating body over bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one and thus leading to illegal use like in selling drugs, explosives, money laundering etc and next thing bitcoin transactions does not involve any third party seizure so no third person has the right to see the transaction between the two and thus some social defaulters misuse it and use bitcoin for illegal purposes and this is the most probable reason why bitcoin is decentralised in many countries.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?