Thanks for the analysis.
What are the milestones that need to be accomplished in order for for it to be usable on the main net? I see the 10-12 months, but I don't understand what needs to take place during that time.
I did read about people using it on the main net and transacting about 33k USD, but some of their issues suggest that it is still not ready.
Cheers,
dcj
They need to flesh out the technical bugs mostly. Also some added features that give layers of security like watchtowers. Basically they are trying to break it and fix the things that broke, rinse and repeat.
Exactly... "Layers of security" As I was reading through my major concern was security, how safe is lightning network??
Currently there have been a number cases of hacking bitcoin wallets... Would the lightning network solve this problem??
Very informative article... Thanks
Agreed, 10-12 months is a vague reference, what drives that specificity?