Over the past few months, there’s been a lot of headlines and new wallets created for the notorious Lightning Network — The second layer payment protocol that’s being touted as a solution to the BTC chain’s scaling issues. The project is in its very early stages as the technology is still in beta, but people are actually using the protocol on main-net with real funds. So far this technology still seems very far away, and some people looking beyond the hype are finding individuals and groups who are testing this second layer are running into problems.
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Lightning Network Tipping Turns Out to be Not So Easy
For a while now in the cryptocurrency space people have been hearing about the Lightning Network (LN), new LN wallets, and areas on the internet that allow users to test the technology using both Bitcoin Core’s (BTC) testnet and mainnet. A percentage of individuals and cryptocurrency users have been using the second layer protocol on the main BTC network as there are 2,307 LN nodes today, and 5,036 open channels. According to statistics, the Lighting Network shows over $142,000 USD worth of BTC locked in channels or being used on the network right now. There has been a lot of noise about using LN and posts can be seen on social media channels and forums almost every day with people demonstrating the LN protocol. However, even though there seems to be a lot of action on the pixelated graphics website ‘Satoshi’s Place’ people are experiencing lots of issues with this protocol and there are many LN problems without solutions.
Lightning Network June 25, 2018.
For instance on a Reddit post stemming from the subreddit
