Lightspark CEO David Marcus Acknowledges Lightning Network Constraints for Builders
In a recent statement, David Marcus, CEO of Lightspark, discussed the challenges that come with building on top of the Lightning Network. Here are the key points:
- Building on Lightning and Bitcoin is at least 5x harder compared to building with other protocols.
- The rigidity of Bitcoin and the difficulty of changing its structure make it challenging to include new code in its base layer.
- Instead of seeing this difficulty as a problem, Lightspark took it as a challenge to build a payment solution that will remain relevant in the long term.
- Other industry leaders, such as Binance CEO CZ, have also acknowledged the complexity of integrating Lightning Network services into their platforms.
- A Bitcoin developer called the Lightning Network an “inelegant pile of ugly and complicated hacks.”
Despite the difficulties, Marcus and Lightspark remain committed to building on Bitcoin Lightning and realizing its full potential as a universal open protocol for payments.
Hot Take
The Lightning Network may present significant challenges for builders, but it is crucial to overcome these obstacles in order to establish a universal and open payment protocol. While criticisms exist, the determination to build on Bitcoin Lightning demonstrates the industry’s belief in its potential for the future.
By
By
By
By
By