The Lightning Network is laying the ground for bitcoin to take the next giant leap in its evolution. Instead of just being an asset for HODLers’, bitcoin now has the speed and economy to become a universal currency. We stand before the threshold of mass adoption.
The only thing holding bitcoin back is the UX. Raw technical possibility is not the same thing as an attractive, engaging, useful experience for all users.
But UX is a small term that hides great complexity. It implies many issues for which there are many solutions, each with advantages and disadvantages that different users will value in different ways.
For all their differences, we can assume that all users want at least one thing: simple functionality. Any viable solution must do its job simply and efficiently, so the complex technology has to operate seamlessly in the background. Perhaps the best measure of a UX is the gap between the utility it delivers and the complexity it manages to hide.
Here we take a look at the various challenges that remain in implementing the Lightning Network as a global payment solution for bitcoin and the different ways existing and impending technologies can overcome them.