This article will gelp you better understand the LN and its potential danders....https://www.blockchains-expert.com/en/lightning-network/

Problem with open-source projects of this scale is there is no real deadlines, management and other usual motivators for the team. Not saying this is bad or flawed model, it just different. As a consequence you have to live in environment where "plans", "roadmaps" and deadlines are flexible to such an extent they essentially cease to exist in usual understanding (there is no bonuses for being on schedule or punishment for missing deadline). They surely have plans and dates in mind, but those are as good as anybody's guess.

The paradigm of open source development are in motivation everyone capable to participate instead of simply asking "Is it done yet?". In perfect world instead of asking "SO WHEN I CAN USE LN" you should go there, pick a task you can help with, and bring release date a minute, hour or day  closer. I am strong supporter of exactly this approach to anything I do.

Well there are lists of resources out there with useful information.
Usually you should check the Dev resources
Jameson Lopp maintains a list of bitcoin resources
There's also a list of Lightning Network Resources, thanks to Igor Barinov.

Also, Google is usually your friend when searching for new information.

Consider the inverse then: your reply suggests that Lightning is unregulated, which is not necessarily true, depending on one's perspective.

While Lightning (like Bitcoin) is unregulated by purpose-built regulatory agencies, it is regulated by it's design (i.e. theft using old channel states is too risky to exploit). This can be regarded as a combination of code-level and peer-to-peer regulation. Possibly incorrect descriptively, but the outcome is the same: users are protected from fraudulent behaviour.


If Lightning (or Bitcoin) is promoted as being "unregulated", then all that does is validate stories in the press about "the wild west of cryptocurrencies". If some people insist on looking at all things Bitcoin from the regulatory perspective, then it's much better if the common knowledge is that the software itself provides the regulation, which makes Bitcoin difficult to corrupt (unlike human regulators)

It is still early days and a lot of these apps are still in beta testing phase, with some limitations. The Lightning Network also restricted the amounts that can be send, to prevent large losses if some exploit are found during the testing phase. I think it will be a buzz kill if some LApp goes mainstream now and a exploit was used to drain people's coins.

The Open source nature of most of these projects allow for good peer review, but it is still the Wild West out there.

Exchanges may not even run Lightning Channels because they won't be able to make it KYC compliant since no node on the network truly knows the true origin or destination of a lightning transaction.
There's already sort of an exchange that supposedly works on the Lightning Network