Bitcoin

Read

Light

<div class="cryptonews">
 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="capacity" href="https://thebittimes.com/tag/capacity.html">capacity</a> of the Bitcoin Lightning Network to facilitate transactions <a rel="noopener noreferrer nofollow" title="continues" href="https://thebittimes.com/tag/continues.html">continues</a> on an upward trajectory, nearing all-time highs.</p>
 <p>According to data from LookIntoBitcoin, a site that tracks Lightning Network statistics, the network can handle over $210 million of <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s, or approximately 4,980 Bitcoin (BTC).</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14233291">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/02/f01ddbec0901dc1024f08a21cf5c2864.webp.webp">
   <img decoding="async" width="936" height="605" src="https://cdn.thebittimes.com/images/2024/01/02/f01ddbec0901dc1024f08a21cf5c2864.webp" alt="Bitcoin Lightning Network transfer capacity continues growing - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Bitcoin Lightning Capacity chart. | Source: LookIntoBitcoin
  </figcaption>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin Lightning Network sees 1,200% surge in 2 years
 </div>
 <p>This approaches the record high of $223 million reported on Dec. 6. Lightning saw its highest-ever capacity in July when approximately 5,400 BTC could be transferred via the network. This metric nearly reached similar levels again last November before dropping off slightly.</p>
 <p>Lightning Network’s capacity has grown impressively since its inception in early 2018. Despite fluctuating activity in broader crypto markets amid the 2022-2023 bear market, the Layer 2 network continues to demonstrate a consistent uptrend. Proponents believe Lightning enables faster, cheaper BTC transactions and could be key for greater retail adoption of Bitcoin payments.</p>
 <p>Critics argue that the Lightning Network remains highly technical and difficult for average users, with centralization risks due to its graph-based topology. Regardless, network capacity metrics indicate sustained developer and user activity even as the crypto sector faces headwinds.</p>
 <p>While the USD value of maximum Lightning <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s closely trails last year’s peak, the stability of the uptrend points toward the increasing legitimacy of Layer 2 scaling solutions for Bitcoin. As adoption spreads, the decentralized payment network appears positioned to challenge all-time high <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> <a rel="noopener noreferrer nofollow" title="capacity" href="https://thebittimes.com/tag/capacity.html">capacity</a> in the year ahead.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Lightning Network developer steps back after exposing severe flaw
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-lightning-network-transfer-capacity-continues-growing-tbt75304.html">https://thebittimes.com/bitcoin-lightning-network-transfer-capacity-continues-growing-tbt75304.html</a></p>

Bitcoin Lightning Network transfer capacity continues growing

TheBitTimes

Άλλα άρθρα που δημοσιεύτηκαν στις 1 Ιαν 2024

New Year, New MemeCoins — Who Will 100x First?

Solana trending higher, experts backing Rebel Satoshi and XRP

Cardano and Dogecoin investors considering newly launched presale project Pushd

Bitcoin SV surges 102% in a week, reaching a near 2 year high

These Are Top Bitcoin (BTC) Price Predictions for 2024

Why Aleph.im jumped up 61% in just hours today

Join our free newsletter for daily crypto updates!