Number Of Bitcoin Lightning Network Nodes Jumps 23% In Three Months
07 Décembre 2021 - 6:00PM
NEWSBTC
Despite the recent downtrend, bitcoin has been experiencing
increased adoption on a larger scale. From El Salvador buying the
dip to lightning network adoption going up, the digital asset has
not been doing too bad. The most recent indication of increased
bitcoin adoption has come in the form of bitcoin lightning network
nodes. Data shows that these lightning nodes have recorded a
significant uptick in the last three months. Bitcoin Lightning
Nodes Increase Since its launch, the bitcoin lightning network has
seen slow but steady adoption. Mostly, the need for a lightning
network had not become pertinent until the bull run of 2018 that
saw transaction fees spike significantly. It soon became important
for there to be a way to lower transaction fees on the bitcoin
blockchain even during peak transaction times and as such, the
lightning network was adopted. Related Reading | Calls For
Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable
Energy The number of lightning nodes has grown since then,
recording small upticks at various times in its history. However,
none as significant as the increase recorded across the last three
months. From September 3rd to December 3rd, nodes added to the
network had continued to climb. In this time period, there were a
total of 3,534 nodes added to the network. This three-month period
saw the total lightning network nodes break above 18,000,
representing a 23% increase in this time frame. Number of nodes on
lightning network grows 23% | Source: bitcoinvisuals.com This
growth has been synonymous with a number of adoption initiatives
that have seen more users adopt the bitcoin lightning network as a
default way of sending BTC. Most notable has been the adoption of
bitcoin as a legal tender in El Salvador and citizens using the
lightning network to pay for goods and services using bitcoin. The
lightning network basically enables transactions to be sent
off-chain, making it faster and cheaper than on-chain transactions,
the main driver behind its recent adoption. How Does The Increase
Affect The Network? The increase in the number of bitcoin lightning
network nodes is a positive one. For starters, this allows the
network to accommodate more transactions. It will enable the
blockchain to scale and as such, carry out more transactions. It
also means faster transaction times and lower fees for users for
the network. Related Reading | SEC Boss Acknowledges That
Bitcoin Is A Competitor For U.S. Banking System Bitcoin’s growth
has attracted a lot of investors but more are expected to come in
as the years go by. This influx of new entrants into the blockchain
would lead to increased network activity, hence slower transaction
times and higher fees. With the lightning network expanding, it
will be able to increase the capacity to allow more transactions at
low fees. BTC settles above $51K | Source: BTCUSD on
TradingView.com Besides El Salvador, another popular implementation
of the lightning network has been the Twitter Tip Jar. This feature
on one of the largest social media platforms allows followers to
tip their favorite content creators quickly at low or even zero
fees. Featured image from The Block, chart from TradingView.com
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Bitcoin (COIN:BTCUSD)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024