Bitcoin’s Lightning Network – A Status Update

The scaling debate is, without question, one of the most contentious issues in the blockchain space. When it reached its boiling point in August 2017, Bitcoin adopted Segregated Witness (SegWit), opening the door to the creation of the Lightning Network (LN). Now active, this second-layer protocol promises the ability for Bitcoin to processes many thousands of transactions per second at very low fees, thus enabling its mass use as a digital currency. To-date, however, the Lightning Network has d