What is Lightning Network?

The Lightning Network is a Second layer Payment Protocol that operates on top of a Blockchain and enables Instant Transactions between participating Nodes and has been said to be as a Scaling Solution for Bitcoin.

Bitcoin's Lightning Network is just starting to send in transactions and also getting readily accepted in several Places. But it seems Developers of the Lightning Network is already looking forward to the Lightning Network 2.0.

It is very good to see that Developers are not just stopping at Lightning Network but are actively trying to Improve it. The Lightning Network not only makes Transactions faster but also Cheaper so who wouldn't love a Lightning Network 2.0.

So what do you Guys think about this Development?