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Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out
Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues? 0:00For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for. There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a...…Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues? 0:00For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for. There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a...WW…
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