I think this is the perfect time for Lightening Network to prove its importance to everyone and even its doubters.
Why? Because Binance thinks on adopting it? Lightning is already accepted in lots of exchanges. In fact, it was just yesterday that I mentioned some.
There are more, which don't require KYC, such as
boltz and
robosats.
Problem is that even LN needs the onchain features to open and close channels.
The real problem, in my opinion, is that the overwhelming majority of Binance users don't even know how to run a full node. I can't think of them downloading a lightning client, running a node 24/7 and having their channels re-balanced frequently. Technical competence is the bad part of lightning, as I must have repeated in this board.
So what happens when Lightening Network gets flooded with endless exchanger transactions and acceptance from more and more exchangers in the future?
I am curious about the concept of LN. Will it be same story with LN in the future if exchangers start adopting it for the escape from current bitcoin network congestion? Definitely LN is on chain and will get many restrictions as it grows. In similar fashion as bitcoin network did.
The current issue is with Ordinal NFT which can be upgraded "on chain" meaning they are putting extra burden on the chain with numerous packets moving in and out.
Wouldn't that be the same case with LN in the future. Also, will this ever stop like this or we need to keep forming new type of networks one after another. Please ignore my less technical background in the field of blockchain and how it works, I am still prospering on that side.