Lightning Network capacity up 70% since start of year

July 13, 2021

Lightning Network capacity up 70% since start of year

Since the beginning of the year, the capacity of the Lightning Network (LN) bitcoin micropayment network has increased by 70%, from 1,058.68 BTC to 1,806.38 BTC.

network has increased

Only in the last 30 days has the figure increased by 20%. During the same period, the number of LN nodes increased by 6% and the number of channels by 12%.

LN nodes increased

The Lightning Network is one of the most important solutions for scaling bitcoin, reducing transaction fees and increasing payment privacy. Many experts are convinced that the development of this technology will encourage mass adoption of cryptocurrencies.

LN is used by major exchanges, including OKEx, OKCoin, Kraken and Bitfinex. The latter has extended the solution with Wumbo payment channels.

Earlier, Jack Dorsey did not rule out Lightning Network integration into BlueSky or Twitter.

Which wallet accepts Dogecoin? Software wallet: Atomic , Guarda; Light wallet: MultiDoge; Android wallet:Dogecoin wallet; Full node wallet: Dogecoin Core; Hardware wallets: Ledger, Trezor.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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