Rapid Development of the Bitcoin Lightning Network Capacity Has Grown to over $2M

2019-1-16 17:28

The popularity of the Bitcoin Lightning Network has increased significantly. In fact, the platform is currently valued at $2 million (575 BTC).

The demand for Bitcoin peaked during the famous bull run of 2017. As a result of increased users, the Lightning Network (LN) was developed to assist with scaling on the Bitcoin blockchain. It works by adding a layer to the Bitcoin network. Also, it enables the user to establish direct peer-to-peer connections for transferring funds.

Bitcoin users have embraced the Lightning Network solution because of its top-notch security features as well as its speed and reliability. Over the past month, the number of active nodes on LN increased by 20%. Similarly, the number of channels increased by a whopping 43%.

The most notable improvement regarding LN was its network capacity. As mentioned above, it grew to $2 million worth of BTC.

As expected, this news generated lots of responses on Twitter. One user expressed optimism in LN, saying that it would enable the purchase of goods for low fees. Another said that the rapid growth of Lightning Network over the past year is an indicator of its bright future.

There were some grievances, with one user saying that the proposed redirection of miners’ revenue to routing entities won’t work.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62763.36 (-0.05%)
Объем 24H $27.032b
Изменеия 24h: 2.29 %, 7d: -1.02 %
Cегодня L: $60793.66 - H: $63268.51
Капитализация $1236.302b Rank 1
Цена в час новости $ 3640.95 (1623.82%)

bitcoin lightning network increased result users 2017

Источник: bitcoinexchangeguide.com

bitcoin lightning → Результатов: 126


Bitcoin’s Lightning Capacity Soars, Why The U.S. Plays A Big Role

One of the largest Bitcoin Lightning Network (LN) node operators, River Financial, recently posted a report on this second-layer payment solution. Previously conceived as an experiment used by savvy BTC holders, the LN is quickly becoming a key component in this blockchain’s ecosystem and its potential ticket into the mainstream. Related Reading: NFTsNexo NFTs Dying? […]

2022-10-15 21:00


Bitcoin Scaling Layer Lightning Network “Works Like a Charm”, Says Bitfinex CTO

The first week of Lightning Network support at cryptocurrency exchange Bitfinex, has seen more than 800 transactions make use the Bitcoin payments layer. The company’s Chief Technical Officer Paolo Ardoino says customers have deposited more than seven Bitcoin (~$52,000) to the exchange since it added Lightning payments.

2019-12-10 23:00


'Bitcoin Jesus' Roger Ver Epically Trolls Lightning Shills

"Lightning fast" may eventually be a trademarked term for some crypto payments company or another, but "Bitcoin Jesus" Roger Ver used the phrase to hard-troll fans of the Lightning Network. Guerilla Marketing by Bitcoin's Favorite Jesus Turned Judas Saying "Bitcoin Cash is lightning fast" and posting a video where a transaction is "completed" within 15 […] The post 'Bitcoin Jesus' Roger Ver Epically Trolls Lightning Shills appeared first on CCN Markets

2019-8-8 17:26


These 13 Bitcoin Lightning Network Upgrades Will Solve Its ‘Biggest’ Hurdles

The Bitcoin Lightning Network will overcome some of its “biggest hurdles to use” in the near future as new features roll out from developers. From Experiment To Bitcoin Killer App That was according to Guy Swann, the presenter of the Cryptoconomy podcast, who this week dedicated two episodes to introducing Lightning and analyzing its upcoming changes.

2019-5-18 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin: Major groups keep the faith as BTC remains at $62K

Long term Bitcoin holders refuse to sell their holdings. Short term holders showcase a similar perspective, causing BTC's price to surge. Bitcoin [BTC] has been stagnating at the $62,000 levThe post Bitcoin: Major groups keep the faith as BTC remains at $62K appeared first on AMBCrypto.

Notcoin crypto: Exchanges announce listing date, TON impacted as well

Investors still have time to mine Notcoin before the airdrop.  Toncoin continued to benefit from Notcoin as its value surged.  Notcoin [NOT] has been creating buzz in the crypto community The post Notcoin crypto: Exchanges announce listing date, TON impacted as well appeared first on AMBCrypto.

Ethereum sees $12M whale transfer: What about ETH's price?

Ethereum's Netflow got more positive. ETH was close to entering the $3,000 price zone. Recent data indicates that one of the early Ethereum [ETH] holders has transferred millions of dollars The post Ethereum sees $12M whale transfer: What about ETH's price? appeared first on AMBCrypto.

XRP: Decoding what's next - Do bulls still stand a chance?

XRP struggled to stay above $0.50 amid a generally bearish trend. Despite the downturn, a majority in the community remains hopeful that XRP will catch the next bull run. It is no secret thaThe post XRP: Decoding what's next - Do bulls still stand a chance? appeared first on AMBCrypto.

XRP can reach $3, but it must first cross a key level

XRP’s value dropped by more than 4% in the last seven days.  A few metrics and indicators hinted at a trend reversal.  Like most cryptos, Ripple's [XRP] price also witnessed a correctionThe post XRP can reach $3, but it must first cross a key level appeared first on AMBCrypto.

Ethereum network dips to 6-month low - Here's how it affected ETH

Ethereum’s fees hit a six-month low in the past seven days. ETH was down by 6%, and metrics looked bearish.  As L2s gain popularity, Ethereum’s [ETH] network usage plummets, reaching a The post Ethereum network dips to 6-month low - Here's how it affected ETH appeared first on AMBCrypto.