Bitcoin Lightning Hits Record Node Count, Reaches $70k Capacity
bitcoin technology

Bitcoin Lightning Hits Record Node Count, Reaches $70k Capacity

THELOGICALINDIAN - The Lightning Network LN can now acquire over 10 bitcoins account of accommodation on its mainnet accomplishing for the aboriginal time

Fresh statistics April 1 appearance that mainnet Lightning, which in March accomplished several milestones to adoption, now has accommodation for 10.476 BTC ($70,000).

The latest affectation of LN’s accretion attendance comes aloof canicule afterwards a new accoutrement tool, LightningTip, became accessible for anyone to use in adjustment to acquire Lightning payments on a website.

At the aforementioned time, accessible antecedent WordPress e-commerce belvedere wooCommerce also announced it had added LN functionality for both Bitcoin and Litecoin payments.

Last ages saw Lightning mark its admission for mainnet Bitcoin use.

The aboriginal beta accomplishing in the anatomy of Lightning Labs’ Lightning Daemon (lnd) was appear to considerable acclaim, the startup additionally announcement a acknowledged $2.5 actor allotment round, which included Twitter CEO Jack Dorsey.

Now, with over 1500 nodes, of which 1126 are public, the agreement has alike surpassed the bulge calculation of the altcoin which states its purpose as accomplishing LN’s job: Bitcoin Cash (BCH).

While continuing to acclaim itself as a cheaper, faster adaptation of Bitcoin, data confirms BCH is now beneath accustomed than Bitcoin Lightning Network nodes.

At the aforementioned time, advances in SegWit acceptance for Bitcoin accept brought ahead aerial fees bottomward to a atom of ethics apparent aloof weeks ago. Many accepted customer wallets, such as Blockchain.info, were suggesting fees of aloof 2 satoshis per byte at columnist time April 1.

Meanwhile, advances in account accept yet to be reflected in bazaar sentiment, BTC/USD abaft at beneath $6600 afterwards already afresh failing to acquisition support aloft $7000.

A attending at the top ten cryptocurrencies by bazaar cap provides for blah reading, altcoins broadly falling 50% added in the accomplished 24 hours than Bitcoin’s 4.55%, while BCH fell alert as far (9.55%).

What do you anticipate about the Lightning Network’s latest advances? Let us apperceive in the comments below!

Images address of Shutterstock, Twitter