The Bitcoin Lightning Network will overcome some of its “biggest hurdles to use” in the near future as new features roll out from developers.
From Experiment To Bitcoin Killer App
As Bitcoinist has frequently reported over the past year, Lightning represents the ‘next level’ of payments using Bitcoin, and is widely considered to be the way in which the largest cryptocurrency will scale up to meet the needs of billions of future users.
Readers can find more information on the protocol, which debuted on the Bitcoin mainnet at the start of 2018, here.
Looking forward, Swann presented a list of no fewer than thirteen upcoming improvements to Lightning which he says will boost its mainstream appeal.
The basis for the list came from a blog post by Bitcoin business Bitrefill, which offers a range of products and services payable using Lightning.
Top on the list for Swann was Atomic Multipath Payments (AMPs) – or breaking a single payment down into several smaller ones, and sending them over multiple Lightning channels.
“Payments become much more reliable, no longer limited to 1 channel capacity,” he summarized.
[AMP] Removes the biggest (in my opinion) hurdles to payment issues, single channel capacity & liquidity.
Swann is by no means alone in being concerned about those aspects of using the network. As Bitcoinist reported last year, despite its rapid growth, the vast majority of Lightning payments worth more than several US cents failed.
Not Just Lightning Atomic Swaps
Due mostly to its age,