Bitcoin Lightning Network Sees A 3% Boost In Nodes In Last 30 Days; Crossing ATH of 10,000
Potential investors who saw the rocky launch that Bitcoin Lightning Network had last year may have not imagined, but the network is growing nicely, and has finally reached the number of 10,000 active nodes, according to a report by 1ML. BTC in the last 30 days, the number of new nodes grew by over 3% in just a month's time.
This second-layer blockchain solution for the Bitcoin network has really picked up in 2019. By using the network, which is still in an experimental stage, someone can make payments that are much cheaper and quicker than the ones made directly on the Bitcoin network.
During a recent interview with The Block Crypto, the mysterious person behind LNBIG, which is said to control over 40% of all the channels, affirmed that the network is growing. However, no official statistics were provided, as they and the local balances are hidden from the public as a matter of security.
This person also affirmed that atomic multi-path payments are the future of the network because they are set to play a very large role in automating some of the processes. The biggest weakness of the network, however, was defined as being that it is difficult to increase the capacity of the network much more than it is now.
Other recent developments in the industry include the announcement of version 0.7.2 of c-lightning. This implementation of the LN supports dynamic plugins.