A human-readable identifier that represents a destination on the Lightning Network facilitates receiving Bitcoin payments. Functioning similarly to an email address, it simplifies payment requests. For instance, instead of sharing a long, complex Lightning invoice, one can provide a user@domain.com-formatted identifier to receive funds directly.
This simplification enhances user experience and promotes wider adoption of Lightning Network payments. The system removes the need for cumbersome invoice generation and sharing, reducing friction in transactions. Historically, requesting payments on the Lightning Network required creating a new invoice for each transaction, a process that was inconvenient and technically challenging for many users. This innovation streamlines the process, making it more accessible and appealing.
