Bitcoin Lightning Network Capacity Surpasses 4,000 BTC - BitcoinEthereumNews.com
Bitcoinबिटकॉइन लाइटनिंग नेटवर्क क्षमता 4,000 बीटीसी से अधिक है06 / 10 / 2022बिटकॉइन एथेरियम समाचार The Bitcoin lightning network capacity hit a new milestone this week, with over 4000 bitcoins (worth approximately $116 million at current prices) locked in chanels. The latest milestone comes off the back of a significant increase in user engagement in the last few months. Bitcoin Lightning Network Adoption Finally Takes Off The Bitcoin Lightning Network was launched in 2018. The narrative behind the protocols invention is to assist the Bitcoin blockchain in conducting a fraction of the transactions, hence enabling quicker and cheaper transactions. Being the first of its kind, though, there was skepticism as to whether the technology was efficient enough to scale through. Notwithstanding, the last four years have seen the network grow tremendously. The network made its first significant record in 2020 when it hit the 1000 BTC (worth $9.5 million at the time) capacity mark, with 13,185 nodes and 37,480 active chanels engaging the network. A year later, not only did the number of bitcoins on the Bitcoin Lightning Network double, but the nodes almost doubled as well. 2021 also saw the number of active chanels on the protocol rise to about 80,000. Today, lightning chanels hold