Post
Topic
Board Bitcoin Discussion
Re: Will the Lightning Network Solve ALL Scalability Issues?
by
AGD
on 01/07/2021, 07:30:19 UTC
devs are in the process of making lightning 2.0 (layer 3)
its where you dont vault up funds into a channel. but instead deposit funds into a factory multisig
the factory then offchain creates channels below it in millisats.
so users cant broadcast, but can close session with the factory and so the factory aggregates the channel balances and recreates new channels to rebalance the channels.

thus even less onchain transactions as it wont require onchain broadcasts/settlement to close/reopen

THIS is exciting. Do you have any documentation you can share?

One of the biggest issues I have found with LN is the issue with locking funds up in a channel. I always thought this would be the main issue for many users. I am glad to see the LN devs are looking to improve on this model!!

Answer given 3 posts before yours:

Even knowing that op started this thread to shill a centralized random shitcoin (xrp), which definitely will NOT solve all scalability issues, I feel almost forced to clear some things up.


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There is NO need for everybody to open channels
You can use a lightning wallet like Breez for example, which gives you inbound liquidity up to 0.04 BTC (4 million satoshis) and you can accept lightning payments instantly without caring about opening channels. You can use @lntxbot on Telegram to send and receive satoshis to/from everybody else on telegram. No need to open channels for this. There are more solutions like that. Find out for yourself

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