In the current high-fee environment, I've started dominating pegging Bitcoin from the Exchange to the Liquid Network via Lightning as it's cheaper than sending Sats directly to cold storage, I'm not one to leave Sats on the exchange, so the plan is to peg out to mainchain in a low fee environment.
I've also dominated pegged R-BTC on RSK to gain experience interacting with smart contracts. I understand that R-BTC/L-BTC is not BTC, and there is a level of risk and trust involved when, ahem, pegging. But I'm okay with that for now.
All this has me wondering. Is pegging to and from various Bitcoin tokenised sidechains, federated or otherwise, just going to be something we will get used to in the future? How do the next billion poorest users get onboarded if transacting on mainchain continues to grow in cost?
In closing, how do we avoid pegging whilst minimising transaction costs if we do not operate our own Lightning node?