The Lightning Network’s (LN) capacity is at its maximum. It has recently constantly posted performance records, making the Bitcoin (BTC) network more and more scalable.
Lightning Network reaches its HUD capacity
At the time of writing, the Lightning Network’s capacity had surpassed 4,265 Bitcoins, according to data from Glassnode. This new high furthers the development of the bitcoin blockchain.
The LN is a Tier 2 scaling solution built on the bitcoin network, in case you forgot. Faster and more cost-effective BTC transactions are now possible thanks to it.
This most recent development comes as the Lightning Network’s usage is quickly expanding. In fact, its capacity has expanded by 7.1% just in the last 30 days. A few modifications to the bitcoin overlay were released separately last month. Clearly, these advancements have played a significant role in the achievement of its results.
Is the Lightning Network the secret to the acceptance of bitcoin?
Recently, the US Federal Reserve (FED) published a highly favorable study on the Lightning Network.
- “ We find a significant association between LN adoption and reduced blockchain congestion, suggesting that LN has helped improve the efficiency of Bitcoin as a means of payment ,” the paper states .
The LN can also be a true development lever from an ecological and economic standpoint, according to the FED. Assets that can be very helpful in establishing the legitimacy of bitcoin as money.
Scalability is one of the biggest issues facing bitcoin. The LN provides a dependable and secure answer that can encourage wide use.
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