Bitcoin Lightning Network capacity charges through 4,000 BTC - BitcoinEthereumNews.com
BitcoinBitcoin Lightning Network capacity charges through 4,000 BTC06 / 10 / 2022Balita ng Ethereum ng BitcoinăăThereâs cause for celebration from the worldâs largest cryptocurrency. The Lightning Network hit the 4,000 Bitcoin (BTC) public capacity milestone, meaning $120 million in value is ready for peer-to-peer payments.ăăThe Lightning Network first broke the 1,000 BTC barrier in August 2020 and the 2,000 BTC barrier in July 2021. The capacity has doubled in the space of 18 months.ăăCoinCorner CEO Daniel Scott told Cointelegraph that âwe had slow and steady growth with Lightning capacity to begin, but since Jan[uary] 2021, the uptick has been strong.âăăDany Brewster, CEO of United Kingdom-based Bitcoin exchange Fast Bitcoins told Cointelegraph that Lightning Network capacity âlikely passed 4K a long time ago with private chanel metrics not being publicly available.âăăâWith that being said, the constant growth has been a great start for the Lightning Network and I foresee it continuing into the future, as long as all stakeholders, from developers to entrepreneurs building businesses continue to push forward.âăăA layer-2 payment protocol built on Bitcoins base layer, the Lightning Network allows for near-instant transaction finality. In the following video, Paco de la India â a Bitcoin-powered world traveler â buys a