Lightning Network: A Transformative Leap Towards 5% Stablecoin Dominance by 2028

Key Points

1. The Lightning Network is a layer-2 protocol on Bitcoin enabling instant, low-fee, high-volume transactions via off-chain payment channels.

2. Graham Krizek predicts the Lightning Network could process 5% of global stablecoin volume by 2028, leveraging its efficiency and scalability.

3. Key benefits of stablecoins on Lightning include near-zero fees, enhanced privacy, censorship resistance, and global accessibility.

4. Challenges include improving user experience, ensuring network liquidity, and navigating regulatory landscapes for stablecoins.

5. Potential applications include remittances, e-commerce, and payroll, making financial transactions more efficient and inclusive globally.