Scaling Lightning Is Making It More Versatile – More Apps Integration

It’s been just revealed the fact that the key to scaling lightning is to make it more versatile. It’s also important to note the fact that versatility means more app integration.

New reports reveal the fact that Lightning is a technology that facilitates fast, proportionally priced Bitcoin payments.

“It’s programmable, peer-to-peer money. To know it is to love it. I’d call it a miracle if I hadn’t spent the last five-ish years sweating to help build it,” the author on Medium says.

“But as good as Lightning is, you can’t yet do much with it. Most apps that use Lightning are “just” payment apps — wallets. You can do exactly one thing with them: send smallish amounts of Bitcoin quickly, cheaply, privately, and definitively to other people who use similar single-purpose tech. Like a digital camera in 2006.”

The key to scaling Lightning is to make it more versatile, and versatility comes from integrating it into more apps Read our latest here https://t.co/S6hRWMahnW

— Breez (@Breez_Tech) May 12, 2023

Here are the best features of the technology as they are revealed via the Medium post.

Lightning is borderless.

Lightning will not hack borders; it doesn’t even have to acknowledge their existence.

Lightning is trustless.

There is no banking crisis for Lightning balances. This is because everyone can hold their own money and exercise complete sovereignty over it.

Lightning is accessible.

Considering also the borderlessness and self-sovereignty together, you get a system that does away with KYC friction. “If everyone transacts on a peer-to-peer basis, there is no choke point for censors to exploit.”

Lightning is natively programmable.

It’s also important that we note the fact that fiat is also technically programmable, it requires third-party services (or fifth- or tenth- or nth-party services) like Plaid, Stripe, and neobrokers to make it programmable.

“Not only does that increase the expense, as each intermediary takes their cut, it compounds the censorship problem.”

Check out he complete Medium post in order to learn more details about this.