The Lightning Network, the leading scaling solution for Bitcoin, has hit a new all-time high in network capacity, surpassing 2.900 BTC.
The Bitcoin Scalability Solution, Lightning Network, Also known as LN, recently surpassed 2.900 BTC locked. The scaling network capacity now stands at 2.909,3 BTC worth approximately $126,6 million. Year-to-date, the Lightning Network’s capacity has grown by 190%, compared to 1.000 BTC locked at the start of this year.
The Lightning Network also set new all-time highs in the number of active nodes and the number of open channels. At the time of writing, the number of nodes on LN reaches 27.166 active nodes worldwide, while the number of open channels is 74.034 channels.
Source: 1ML
Lightning Network is Bitcoin's premier scalability solution, designed to allow BTC transactions to occur off-chain without intermediaries, ensuring faster transactions with more affordable fees than on the mainnet.
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45% of Lightning Network in the US
A large portion of Lightning Network nodes are located in the United States. According to 1ML metrics, 8,09% of the network's active nodes are located in the United States, with a total of 1.291 nodes. The network capacity of these nodes is 1.317 BTC, which is 45,7% of the total current capacity of the Lightning Network. The number of active payment channels in the United States amounts to 19.467 channels.
Own edition with data from 1ML
Germany, Canada, Ireland and Singapore are the next countries with the highest number of active LN nodes and blocked BTC, in addition to other nations such as France, Sweden, Switzerland, Japan and Spain.
Twitter and Bitcoin
Twitter's news about adopting Bitcoin payments through LN is driving the growth of the scalability network. Last week, Bit2Me News reported that Twitter adopted LN to allow its users to send and receive micropayments through the platform using bitcoins. The idea is to make it easier for content creators to receive tips from their followers, as well as empower society through the benefits and value opportunities that this platform provides. cryptocurrency, as a decentralized and alternative financial system.
Twitter CEO Jack Dorsey made bitcoin the native currency of your social network via the Strike API, a Bitcoin-based solution that allows businesses and individuals to connect to the network to send and receive money through this cryptocurrency at any time and from anywhere. Strike CEO Jack Mallers pointed out that the adoption of Bitcoin and the Lightning Network on Twitter will revolutionize all known payment systems and methods.
At the close of this edition, Bitcoin (BTC) is quoted at a value of $44.310 per unit, showing an increase of 5,2% in the last hours after the drop in value caused by China's new bans on cryptocurrencies.
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