With TVL At New Record, The Lightning Network’s Time Has Come
This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! This week, the Lightning Network set a new record for the dollar value held in its payment channels at $12.6 million, according to data shared by Bitcoin Visuals. This metric is also known as the total value locked (TVL) in Bitcoin’s second layer payments solution and demonstrates the amount of money that users have moved into the channels, which let them quickly and efficiently transmit value to one another, before balances are settled and....
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Bitcoin lightning network has now hit a record high. With the recent bull rally and adoption taking place in the year, the need for the lightning network has grown. This has led to massive growth for the network. Liquidity in the lightning network has hit multiple all-time highs this year and this is just another addition to that list. Facilitating fast, efficient, and cheap transactions have been the driving force behind the success of the network. The all-time highs being hit this year show that adoption is growing and it represents a crucial lift-off point for the digital asset going....
Storj along with Counterparty have developed a new payments technology based on Lightning Network to support crypto-asset payments on the Counterparty Network. Storj, the blockchain based decentralized cloud storage services provider has joined forces with Counterparty, a Bitcoin blockchain based smart contract tools provider to create a new payments channel technology. The technology developed by Storj is currently in the proof of concept stage and it will be used for enabling payments on the Counterparty network using Counterparty tokens. Storj’s concept payments technology is built to....
The Bitcoin second layer payment protocol Lightning Network has been exponentially increasing its capacity during the past years. Since it was launched in 2018, the network’s capacity has gone from under 1,000 BTC to 1,800 BTC. The Lightning Network was first proposed in 2015 and operates with payment channels to allow users to send and […]
The Lightning Network is one of the most bullish developments that the Bitcoin ecosystem has seen so far. And all the available metrics point up, a healthy and vibrant network is brewing. However, investor Kevin Rooke took a deeper look and found out that the Lightning Network is probably even bigger than previously thought. “Inaccurate comparisons and privacy preserving features make it hard to truly understand how big the Lightning Network is.” Related Reading | Bitcoin Lightning Network Reaches Record Capacity What does Rooke mean by that? Let’s find out. The Lightning Network By....