The Lightning Network has become the savior of the world’s #1 digital coin, since it solved the main problem of this cryptocurrency – low scalability. The Network has significantly accelerated the transaction speed between the participating nodes.
The protocol is still developing and expanding at the moment. According to 1ML, its capacity has significantly increased in the past month. The number of the nodes has exceeded 3 thousand with the value of over 95 BTC. The quantity of channels involved is currently more than 11 thousand.
Bitcoin Lightning Network channel value by month:
Feb 1: 4 BTC
Mar 1: 5 BTC
Apr 1: 10 BTC
May 1: 18 BTC
Jun 1: 24 BTC
Jul 1: 30 BTC
Aug 1: 97 BTC
— Kevin Rooke (@kerooke) August 7, 2018
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