THELOGICALINDIAN - The Lightning Network now has over 40 nodes and 60 channels active as the longawaited technology continues to booty new strides
Data appear on Reddit Thursday shows the advancement of Lightning nodes, which are aloof alpha to booty bottom afterwards the alleged ‘layer two’ technology debuted on the Bitcoin mainnet.
“I alone paid a 0.0003515 BTC (~$4) fee to accessible the channel! I can’t assume to acquisition those $100 fees I’ve been audition so abundant about,” appear LN developer Jack Mallers on Twitter, which Blockstream CSO Samson Mow jokingly described as “unfairly cheap.”
On Wednesday, Bitcoinist reported that Blockstream had launched its commodity abundance with actual Lightning acquittal support, a action in what developers declared as allowance the abstraction accretion boilerplate assurance and adoption.
At current count, there are 38 nodes and 58 accessible channels processing transactions, with absolute accommodation of 82533470 satoshis (approximately $9535).
The Lightning Network is one of the best anxiously-awaited improvements for the Bitcoin protocol, with cogent advances accepted in aegis and aloofness in accession to awfully bargain transaction fees and acceptance times.
As Bitcoin recovers from its most contempo fall this week, which saw some exchanges action bill at 40% ‘discounts’ against aftermost anniversary beneath $9400, expectations are afresh growing of a beginning bank of broker banknote abounding into the market.
This new annular of absorption and acceptance will abode added accent on a Bitcoin arrangement disturbing to cope with demand. Transaction fees hit over 1000 satoshis per byte afore the new year, a trend which continues admitting the availability of SegWit technology which abounding businesses accept been apathetic to implement.
A petition to force above US barter and wallet provider Coinbase to advancement to SegWit and appropriately save users ample time and money has now aggregate about 12,000 signatures back its barrage two weeks ago.
Testnet use of Lightning meanwhile additionally continues apace, Bitcoin technology developer David R. Sterry uploading advance which now includes 1500 nodes and 2900 channels.
“…(Y)ears from now you can say, ‘I bethink back mainnet had beneath than $10k on it, total,’” he commented.
What do you anticipate about the amplification of the Lightning Network? Let us apperceive in the comments below!
Images address of Shutterstock, Twitter
