Lightning Network Reaches 10,000 Nodes

The Bitcoin Lightning Network has risen 100% since this time last year and is now over 10,000 nodes…!!!

LIGHTNING NETWORK REACHES 10,000 NODES

“The Lightning Network layer operates like an auxiliary build over the main Bitcoin network. It helps with speeding up the transaction pace and throughput of the network, which is relatively slow on the main Bitcoin blockchain due to bitcoin’s proof-of-work (PoW) transaction validation scheme. With the Lightning Network, bitcoin transactions can be executed in less than a minute.

Also, judging by Bitcoin’s macroeconomic trends, transaction fees using the main Bitcoin network will continue to rise. As such, the transaction fee cost will become more of an obstacle for justifying certain transaction volumes. This eventual fate of the network makes infrastructure like the Lightning Network necessary, especially for retail-sized transactions.”

https://bitcoinmagazine.com/technical/lightning-network-reaches-10000-nodes

 

Master Asked 4 days ago in Bitcoin.
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