Obviously other currencies have been aiming to tackle the scalability issues that Bitcoin is being presented with.
Obviously if the Lightning Network is not successfully implemented, the likes of coins like XRP will fill in the gap that banks need for fast cheap liquidity.
Will the lightning network be game over for the rest of the ALT coins that are borderline built on scalability?
Let me know what you guys think.
I don't know in how far the lighting network itself can scale or whether it has to be improved over time as well. Is it able to infinitely scale for all kinds of micro transactions? Right now there are a couple of networks that do an amazing job at transaction throughput and very low fees. I am not sure if it is a given that the lightning network will outcompete all of those no questions asked.
Does somebody know where the technical limits of the lightning network are? I know it is a centralized mechanism, making it more dangerous to be used for larger transactions, but purely from a scalability perspective, does it scale infinitely?