Checking Up on the Lightning Network
Launched in early 2018, the Lightning Network has experience rapid growth over the last year.
It’s a second layer, payment protocol solution on top of bitcoin that uses smart contracts and payment channels. Key benefits include instant payments, scalability, low cost, and interoperability.
For those interested, read more about Lightning Network.
Let’s see what’s going on since the last time I wrote about the Lightning Network.
When I last wrote about the Lightning Network it had 4,552 nodes, 14,227 channels, and 480 BTC in capacity.
Checking 1ML here’s where we are at today.
The rapid growth continues.
Also cool, Twitter CEO Jack Dorsey recently experimented on the Lightning Network.
To date the “Lightning Torch” has passed through 37 countries.
Here’s a visualization of it all. Looks fairly decentralized to me.
What’s your thoughts on the Lightning Network?
or Abra
and trade cryptos on Binance and Bibox...
And delegate SP with MinnowBooster
I am not an expert in cryptocurrencies but certainly the introduction of Lightning Network improved transactions in BTC, despite all the controversy that existed before its introduction.
agreed
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