Lightning Adoption Propelling Bitcoin Usage In El Salvador And Beyond
The second-layer network now houses over 2,400 bitcoin in more than 73,000 channels, enabling BTC usage as a medium of exchange.The bitcoin capacity of the Lightning Network, Bitcoin’s layer-2 scaling solution, keeps hitting new all-time highs every week. The network now houses over 2,400 BTC in more than 73,000 channels. Since bitcoin officially became a legal tender in El Salvador on September 7, Lightning saw almost 2,000 new channels opened and 100 additional bitcoin stored in them. A one-year window of the state of the Lightning Network by Bitmex Research. As the network advances in....
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Lightning helped El Salvador adopt bitcoin one year ago, which in turn helped usage of the Bitcoin Layer 2 network balloon around the world.
CoinCorner, a Bitcoin Lightning-based card payment service provider, is looking to install NFC card readers across El Salvador to offer a seamless retail BTC experience. El Salvador-based Bitcoin (BTC) holders could soon spend their BTC using the “tap-to-pay” feature wherever the near-field communication services (NFC) card readers are available. The cardless pay service would be utilizing Lightning Network (LN) to facilitate retail BTC transactions.Contactless card payments are quite popular in the current fast-paced world, and with the help of LN, these services can now be utilized by....
River’s Lightning service is the backbone for Chivo Wallet in El Salvador and removes the need for developers to have their own Lightning infrastructure.
Arcane Research says that Lightning Network usage has been on a steep upwards trajectory since late last year, but in September growth went parabolic off the back of El Salvador's Bitcoin adoption. The research unit of Arcane Crypto predicts the Lightning Network will go parabolic as adoption of the Bitcoin layer-two payment protocol ramps up over the decade. Arcane Research published the “State of Lightning” report on Oct. 5, and analyzed the Lightning Network in terms of current capacity, wallet payment volume, the growing rate of adoption, and the switch from online services to everyday....
Adopting Bitcoin — A Lightning Summit in El Salvador, hosted by Galoy, will be held in San Salvador and El Zonte from November 16 to 18, 2021.