Scaling Bitcoin With Lightning As A Service Makes It Money That Really Matters

Lightning was one huge action in decreasing that friction, and Lightning itself has taken numerous actions in the last 4 or so years to diminish it further, including: Mobile Lightning nodesOn-the-fly channel creationZero-confirmation channelsLSPs to manage users connectivity and liquidityStill, though its uncomfortable to admit, there remains more friction in non-custodial Lightning than in the finest custodial and fiat options, and users will choose whatever gets them to those experiences quicker and easier. Its not about making the finest wallet that can do whatever; its about adjusting Lightning– the methods– to whatever end users desire and whatever kinds of experience they want in exchange.Source: Alison E. BermanLaaS Liberates Lightning Those who understand the technical requirements of running a non-custodial Lightning app will have recognized currently that adapting Lightning payments to any number of existing and yet-unimagined applications is incompatible with running a node in a single app. Accepting payments over Lightning needs them to run a node, secure liquidity with a Lightning service supplier (LSP), handle fiat exchanges, carry out swaps on and off the Bitcoin blockchain, manage a wallet, and so on.

Lightning was one huge step in minimizing that friction, and Lightning itself has actually taken a number of actions in the last four or so years to diminish it further, consisting of: Mobile Lightning nodesOn-the-fly channel creationZero-confirmation channelsLSPs to handle users connectivity and liquidityStill, though its agonizing to confess, there stays more friction in non-custodial Lightning than in the finest custodial and fiat options, and users will choose whatever gets them to those experiences much faster and easier. Its not about making the finest wallet that can do everything; its about adapting Lightning– the methods– to whatever end users want and whatever kinds of experience they want in exchange.Source: Alison E. BermanLaaS Liberates Lightning Those who understand the technical requirements of running a non-custodial Lightning app will have realized already that adapting Lightning payments to any number of existing and yet-unimagined applications is incompatible with running a node in a single app. A Lightning Software Development Kit (SDK)As it stands, anybody seeking to incorporate Lightning payments to their existing company deals with a steep learning curve. Accepting payments over Lightning needs them to run a node, secure liquidity with a Lightning service company (LSP), handle fiat exchanges, perform swaps on and off the Bitcoin blockchain, handle a wallet, and so on. Less hassle for Lightning operators, a tighter network and a shallower learning curve for Lightning users.We could press this even further.