Yep its the Lightning Network.
People trying to solve the 7 transaction per second problem of Bitcoin with a second layer solution that effectively centralizes the network and cannot avoid that without solving P=NP. 61% of the capacity is owned by the single company, and no reason to believe this won’t continue.
Second biggest threat is that the mining power suddenly drops enough after a difficulty adjustment that the blockchain effectively ‘stops’. The way the price is going.
The third largest threat on the horizon would be if mining power decreased significantly in a short period of time, enough to lay 50% of potential mining power.
A single 51% attack on Bitcoin at this point would end it.
I wouldn’t be too concerned about minor things like ‘nobody actually has a use for it’ and ‘the kids won’t like it’.
Bitcoin still doesn’t have a use case after 10 years (Unless your country is collapsing or you are constantly sending vast sums internationally and really want as little regulatory oversight as possible for Totally Legal Reasons.)
Addition to the technical issues, there are privacy and fraud concerns as well. The whole point of a cryptocurrency is to protect the user’s privacy; however, the randomly generated bitcoin addresses may not be safe enough. Even if a new address is generated for separate transactions, the original source may still be found through those very transactions. A more sophisticated network is needed to prevent the data from being tracked.
Don't worry guys as long you don't download or open unknown links we are safe. Thanks for reading!
