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Lightspark CEO: Current unmanaged Lightning Network solutions have 'some form of compromise'

Lightspark CEO: Current unmanaged Lightning Network solutions have 'some form of compromise'

CointimeCointime2023/11/22 17:24
By:Cointime

David Marcus, co-founder and CEO of Lightning Network payment solution provider Lightspark, stated that while institutional-grade custody of Lightning Network is ready for prime time, he admits that non-custodial use still means compromising on certain functionalities. Marcus outlined two challenges: offline payment acceptance and reducing the cost of opening channels for small transactions. While solutions are being developed to address these difficulties in the future, he acknowledges that current non-custodial Lightning Network users must face trade-offs. He said, "Frankly, if you want to fully support non-custodial Lightning Network with offline receiving capabilities and make it economically viable, you have to accept some form of compromise on the trustlessness level of the solution." However, Marcus remains optimistic about the future, emphasizing that Bitcoin is poised to become the currency protocol of the internet and achieve widespread adoption.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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