Bitcoin Lightning Network Capacity Accelerates to 1500 BTC

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Bitcoin Lightning network capacity accelerates to 1,500 BTC

“The capacity of the Bitcoin Lightning network has broken above 1,500 bitcoin, according to The Block’s Data Dashboard, an amount worth $61.3 million at current prices.

The Lightning network is Bitcoin’s main scaling solution, designed to make it cheaper and faster to send small amounts of bitcoin. Typically payments on the network take just a few seconds and fees start from just 1 satoshi, or about $0.00038, according to Lightning explorer 1ML.

The network has been growing at a rapid rate since January, when its capacity was as low as 1,040 bitcoin. This means it has shot up by nearly 50% in under six months after taking three years to break significantly above 1,000 bitcoin.”

https://www.theblockcrypto.com/linked/108718/bitcoin-lightning-network-capacity-accelerates-to-1500-btc

 

Master Asked on June 17, 2021 in Bitcoin.
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