Lightning Network Reaches Marathon 600 BTC Capacity
The Lightning Network on Bitcoin passed a fresh milestone this week, taking its overall capacity to over 600 BTC ($2 million) for the first time.
The previous day proved to be particularly successful for the Bitcoin mainnet Lightning implementation, capacity growing by 21 BTC in 24 hours. Now with a total capacity of 601 BTC ($2,053,000), Lightning has added 15 percent over the past month.
Other metrics also showed improvements. The total node count now sits at 5768, the equivalent of a 16 percent monthly rise, while there are now 22,750 channels – 36 percent more than a month ago.
The news coincides with the increasing adoption of the technology. As Bitcoinist reported, an ongoing awareness campaign, Lightning Torch, aims to pass a transaction around the network, with each user adding to its size.
Beyond community-initiated projects, bonafide user-ready apps continue to bridge the gap between Lightning’s technical beginnings and mainstream understanding of its uses.
Bitcoinist released a two-part guide to the emerging ecosystem this week.
The previous day proved to be particularly successful for the Bitcoin mainnet Lightning implementation, capacity growing by 21 BTC in 24 hours. Now with a total capacity of 601 BTC ($2,053,000), Lightning has added 15 percent over the past month.
Other metrics also showed improvements. The total node count now sits at 5768, the equivalent of a 16 percent monthly rise, while there are now 22,750 channels – 36 percent more than a month ago.
The news coincides with the increasing adoption of the technology. As Bitcoinist reported, an ongoing awareness campaign, Lightning Torch, aims to pass a transaction around the network, with each user adding to its size.
Beyond community-initiated projects, bonafide user-ready apps continue to bridge the gap between Lightning’s technical beginnings and mainstream understanding of its uses.
Bitcoinist released a two-part guide to the emerging ecosystem this week.
Category:
General
Date: 31.01.2019 15:23