The Lightning Network: Deep Dive Report - Smith + Crown
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The Lightning Network: Deep Dive Report

Announcing the fifth Deep Dive Report from Smith + Crown. In-depth information and analysis on significant crypto projects and their associated assets, continuing with the Lightning Network.

Smith + Crown is excited to announce the fifth Deep Dive Report, on the Lightning Network and its integration. A system of bi-directional payment channels, the Lightning Network enables users to securely send fast, low-cost cryptocurrency payments. Representing a key approach to scalability, the Lightning Network is an influential initiative whose implementation is poised to re-shape key narratives across the industry. Please enjoy this latest release in the Deep Dive Report series.


Inside, you’ll find:

  • Lightning’s Technology
  • The Bitcoin Lightning Network
  • Use Cases
  • Prospects and Challenges
  • Lightning in Context



Background on Deep Dive Reports

The Deep Dive Report series aims to outline key project details, articulating Smith + Crown’s outlook on a project’s prospects, challenges, and potential risks. We aim for these reports to empower readers to make up their minds on a project’s potential using the best available evidence and leading experts’ reasoning. Within a Deep Dive Report, readers can expect the following:


  • A well-rounded overview of the project in plain language

    Readers will be prepared for conversation on any aspect of the system, without feeling overwhelmed. Our team consumes complex whitepapers, countless documents and outside articles on projects before reconfiguring the details into a digestible form. All of the crucial information you need to know is covered, while details that are too in the weeds are left out. The format is designed to maximize your time, and prioritizes what’s worth knowing over what is not.


  • An outlook on a project’s prospects, challenges and risks

    Each project has a unique set of circumstances, market conditions, competitive advantages, and challenges to overcome. We examine the project from every possible angle to help you understand these important tradeoffs. Distributed networks have a variety of ambitions, some of which overlap and some of which conflict. We describe plausible scenarios for network success and discuss them in the context of the broader dynamics at play.


  • Materials for developing a perspective on long-term cryptoasset performance

    Token outperformance is complicated, as it relies on a slew of underlying conditions. Critically, token-based projects may be immensely successful without having value accrue to the underlying cryptoasset. Each report discusses the cryptoeconomics of the network and its core token(s), and offers a perspective useful in forming your own decision-informing outlook on the token’s long-term prospects.

We write for an audience of sophisticated professionals capable of appreciating the many shades of gray that exist in this exciting and complicated industry. Regardless of how intelligent or capable any individual is, it is impossible to meaningfully analyze the full array of diverse, ongoing projects without a full-time team of experts from diverse backgrounds. As a research organization, we aim to be the outsourced cryptoanalysts trusted by this audience.

Smith + Crown does not make money through advertising and our reports are unpaid, unbiased, and conducted at the sole discretion of the research team.

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