Bitcoin’s Lightning Network (LN) has been a topic of debate recently, with experts discussing its potential and challenges. Marcus, CEO of Lightspark, acknowledged ongoing efforts by companies like Lightning Labs, Spiral, and his own with Lightspark in tackling these challenges. However, he emphasized that achieving full support for non-custodial Lightning with offline reception remains a complex task, requiring trade-offs between usability, cost, and trustlessness.In addition to technical challenges, Marcus touched upon the need for pushing identity and addressing self-sovereignty. The reliance on DNS for LNURL, and by extension, UMA, though beneficial for user experience, raises concerns about user reliance on custodians for addressing services. He mentioned the exciting work being done with Decentralized Identifiers (DIDs) and the potential for exploring bridges with Ethereum Name Service (ENS) in the future.Marcus’ conclusion is nevertheless extremely positive: “Lightning is seeing more talent flock to it rather than leave it.” Despite the challenges faced by the LN, Marcus highlighted its importance for global real-time payments and the progress made with the introduction of the Universal Money Address (UMA) standard, simplifying the process of sending and receiving various currencies in real time. However, he also emphasized the need for further improvements in non-custodial settings and the importance of addressing identity and self-sovereignty concerns.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	None, Robin Linus, David Marcus, Alexander Leishman
Companies	Decentralized Identifiers (DIDs), Ethereum Name Service (ENS), Spiral, Lightspark, Lightning Labs
Currencies	Bitcoin
Securities	None