Arcane Research says that Lightning Network usage has been on a steep upward trajectory since late last year, but in September, growth went parabolic off the back of El Salvador’s Bitcoin adoption.
Lightning Network News
What is Lightning Network? The Lightning Network is a Bitcoin scalability solution. The Bitcoin Lightning Network operates as a layer-two transaction network involving payment channels separate from Bitcoin’s main blockchain, with transactions eventually being settled on the main blockchain.
Bitcoin can only handle approximately seven on-chain transactions per second, as opposed to some mainstream credit cards that frequently handle north of 1,000 TPS. Bitcoin transactions on the Lightning Network often cost less than on-chain transactions. Thanks to the Lightning Network, Bitcoin has added versatility amid increasing use. The Lightning Network white paper was first released in 2015, but its most recently updated version was released in 2016 and remains in draft form.
Users will have the option to set crypto collectibles as their profile pic to impress everyone.7430
The number of Lightning Network nodes has increased 160% over the past 12 months, while the number of channels is up 170% since January.8893
Twitter’s stock feels the benefit of the “orange pill” as surging stocks add to positive tailwinds for Bitcoin.7661
Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.13652
BTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not “collapse” if there is a global stock market meltdown.20297
Lightning Network is the leading Bitcoin scalability solution, providing layer-two transaction capabilities separate from BTC’s main blockchain.2673
With an average gas cost of $40, it is no surprise that layer-two platforms are surging in terms of usage.13642
Bitcoin tipping via the Lightning Network may be in the cards for the next Twitter app update.7379
Substack has more than 500,000 paid subscribers, but Bitcoin payments will first be available to "a select group of crypto-focused publications."3093
Guests at the Crazy Horse 3 will soon be able to tip their favorite dancers using BTC.3682
Bitcoin’s node count has achieved another all-time high milestone with almost half of the nodes running on Tor.9970
Bitcoin bears could take a $31-million lead if BTC falls below $33,000 by Friday’s options expiry, but at the moment, both sides are balanced.14336
A business that aims to accelerate the adoption of Bitcoin has become the first publicly listed Lightning Network company.6154
While some have doubts when it comes to cryptocurrencies as a form of payment, this survey of active users indicates that they are genuinely impactful reasons for switching to crypto.2553