Activity on the Lightning Network on the rise

Activity on the Lightning Network is slowly picking up with both the BTC capacity and the number of public channels reaching a new all-time high this week.
Source: Bitcoin Visuals

The Lightning Network is a 2nd layer payment protocol on bitcoin. Its value proposition is to enable off-chain microtransactions to avoid blockchain congestion and make BTC micropayments economically feasible by reducing fees. Read more on bitcoin scaling here.

Following the launch of the lightning testnet, the protocol saw 14 months of continuous growth, and by late spring 2019, the network had reached over 40,000 public channels with a peak bitcoin capacity of more than 1100 BTC.

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