Could lightning network be the fix for Bitcoin' scaling problems?

The Bitcoin blockchain network has continued to receive a huge barrage of criticism owing to the architecture of the layer 1 network and its proof-of-work consensus model which makes it inefficient in terms of Transaction speed and cost.

Bitcoin mining, which is the popular lingo for describing how transaction validation is carried out, has even been banned in some nations due to its enormous energy consumption and carbon emission… all of which poses a threat to main scale adoption of the network for transaction processing.

In solving this scalability challenge, the Lightning Network which is a “second-layer solution” was built separately on top of the Bitcoin network, but still interacts with it… and by skirting the main Bitcoin blockchain, it helps to speed up transaction process while reducing cost

The Lightning Network works in a manner which is similar to other layer 1 blockchain networks such as MATIC, fantom, zetrix and several others which utilize the Proof-of-stake consensus mechanism to process transactions… resulting in very high speed and low cost.

Now, with the Innovative Lightning network fully available and functional, could this be the much needed fix to bitcoin' scalability challenge?