Surge in Bitcoin Lightning Network capacity may just be the tip of the iceberg

Surge in Bitcoin Lightning Network capacity may just be the tip of the iceberg
фото показано с : cryptoslate.com

2023-10-26 14:00

Quick Take

A rapid surge in the capacity of Bitcoin’s Lightning Network is now nearing a year-to-date high of over 5,500 Bitcoin, coming close to its all-time high.

This swift increase, observed predominantly over the past month, approximates around $180 million, representing the total BTC locked within this Layer 2 payment protocol.

The Bitcoin Lightning Network engineered atop the Bitcoin blockchain, aims to enable more affordable, speedier, and scalable transactions than traditional on-chain Bitcoin transactions.

Lightning Network Capacity: (Source: Glassnode)

However, this analysis may not capture the whole picture.

It’s crucial to consider the potentially larger Lightning Network capacity operating under TOR, The Onion Router. Known for bolstering transactional privacy by hiding IP addresses, TOR can circumvent censored regions, indicating an unseen swath of potential network capacity.

In theory, this infrastructure could facilitate discreet interactions between nation-states or corporations.

Lightning Network Capacity: (Source: bitcoin.clarkmoody.com)

The overall node count for the Bitcoin lightning network stands at 14,559. Of these, 10,471 are TOR nodes operating in public channels that are formally announced, leading to a TOR capacity representation of 83%. However, the node count for private channels remains undetermined.

The post Surge in Bitcoin Lightning Network capacity may just be the tip of the iceberg appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98154.62 (+0.65%)
Объем 24H $93.154b
Изменеия 24h: 5.25 %, 7d: 8.25 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1942.026b Rank 1
Цена в час новости $ 34304.42 (186.13%)

bitcoin high capacity lightning network surge month

bitcoin high → Результатов: 126


Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit?

Key takeaways Bitcoin reached a new all-time high price of $69,170 on Tuesday and altcoins could follow soon. AltSignals’ ASI token is up by 17% in the last 24 hours and could rally higher soon Bitcoin sets a new all-time high Bitcoin, the world’s leading cryptocurrency by market cap, has set a new all-time high […] The post Bitcoin hits a new all-time high at $69,170: Will altcoins follow suit? appeared first on CoinJournal.

2024-3-6 12:34


Фото:

Bitcoin Cash soars to 14-month high of over $300 as hash rate spikes

Bitcoin Cash (BCH) rallied to a 14-month high of over $320 after rising by 35% in the last 24 hours, according to CryptoSlate data. Since June 20, the digital asset has enjoyed renewed interest as it is one of the four cryptocurrencies available on EDX Markets—a crypto exchange backed by traditional financial giants like Fidelity, Schwab, […] The post Bitcoin Cash soars to 14-month high of over $300 as hash rate spikes appeared first on CryptoSlate.

2023-6-30 14:45