No, it doesn’t have scalability problem, neither privacy issues. I’m tired of saying always the same stuff.
Do. Your. Own. Research.
You already have did it, so that’s just bad faith.
Do. Your. Own. Research.
You already have did it, so that’s just bad faith.
"The maximum throughput is the maximum rate at which the blockchain can confirm transactions. Today, bitcoin's maximum throughput is 3.3–7 transactions/sec. This number is constrained by the maximum block size and the inter-block time."
https://en.wikipedia.org/wiki/Bitcoin_scalability_problem#%2...
"The Lightning Network requires putting a funding transaction on the blockchain to open a payment channel."
Now, if we put the whole world on Bitcoin, how long does it take to open that channel? Days?
But of course LN makes no sense if you just did what Satoshi said and incrementally increase the block size as needed, but then of course Blockstream cant sell you their SideChain(tm) products.
The whole thing became really convoluted and dumb once Adam Back got involved.