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Great write-up to showcase both innovations and challenges. ——
Key Highlights
  • The majority of Lightning users today utilize custodial solutions because they are convenient.
  • Splicing will allow users and service providers to abstract away the difference between Lightning and on-chain bitcoin (the user need not notice a difference).
  • Lightning Service Providers (LSPs) will serve as a portal for end-users to access Lightning.
  • Technical developments on the near horizon could increase the privacy of all Lightning users without users having to take any additional actions.
  • There is much to be excited about in Lightning; all of the future-state projections in this article were informed by solutions being worked on today. The more developers and entrepreneurs focus on optimizing user experience, the more participants and capital joins the network, and the better everyone’s experience gets.
TLDR…get building! Lightning is going to flourish.