Launched in early 2018, the Lightning Network has experience rapid growth over the last year.
It’s a second layer, payment protocol solution on top of bitcoin that uses smart contracts and payment channels. Key benefits include instant payments, scalability, low cost, and interoperability.
For those interested, read more about Lightning Network.
Let’s see what’s going on since the last time I wrote about the Lightning Network.
When I last wrote about the Lightning Network it had 4,552 nodes, 14,227 channels, and 480 BTC in capacity.
Checking 1ML here’s where we are at today.
The rapid growth continues.
Also cool, Twitter CEO Jack Dorsey recently experimented on the Lightning Network.
To date the “Lightning Torch” has passed through 37 countries.
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Here’s a visualization of it all. Looks fairly decentralized to me.
What’s your thoughts on the Lightning Network?
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