Bitcoin’s Lightning Network May be on Fire from Torch Payments and Invoices But End-User UX is Next


The second layer scaling solution for Bitcoin (BTC), the Lightning Network (LN) is moving towards offering better user experience for users. Behind this initiative is one of the main developers of this network.

Although the Lightning Network has been expanding all over the world and it keeps growing as time passes, there are some things that need to be improved. For example, the user experience is not necessarily the best. One of the things that affect the network is the fact that is not exactly safe to use yet. Moreover, it is not easy to create and generate new addresses for receiving or sending payments.

Lightning Labs CTO, Olaoluwa Osuntokun, has recently released a draft of a code change that would help users to accept addresses that do not have to change at all times. It might be possible to send BTC to a static address.

During a conversation with CoinDesk, Osuntokun explained:

“When you do a payment, you request an invoice, that works well for some cases. But sometimes you might want to send to just a node – interaction from the receiver or not. I think it’s a really cool feature. Alice can send to Bob without Bob expecting it or having to do anything at all. Which is cool because it removes some friction.”

He went on explaining that this solution could be good for games or tips. People do not have to provide all the details that an invoice provides. According to Lightning Koala, an LN developer, this will be unlocking a whole set of possibilities for end-user UX.

For example, if a user wants to purchase a cup of coffee using the LN, the seller will have to create an invoice with the specific amount of money that the buyer must pay. The sender will then pay for this coffee submitting the right amount of funds.

The main problem with this is that a payment can only be sent once to this address. The funds could eventually be stolen if there is a second payment made. Using Bitcoin addresses is very helpful in the sense that it is possible to use them multiple times. Users can simply paste their address in a website and start receiving donations.

Osuntokun explains that the code works but it will change in the future. There are many things that must be improved before being able to use Lightning Network in a commercial way. There are many developers and experts that are working in order to help the network to grow in the near future.

Currently, the Lightning Network has 6,798 nodes, 30,423 channels and a capacity of 728 BTC, according to 1ml.com.

https://bitcoinexchangeguide.com/crypto-price-predictions-todays-bitcoin-btc-ethereum-eth-ripple-xrp-and-eos-forecasts-feb-28/

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide