Home Technology Move over, Ethereum – Bitcoin’s Lightning Network has applications too

Move over, Ethereum – Bitcoin’s Lightning Network has applications too

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Move over, Ethereum – Bitcoin’s Lightning Network has applications too

As of this writing, the capacity of the Lightning Network – the total amount of bitcoin in the network – has reached an all-time high of 4,351 BTC, which equates to nearly $100 million. The list of exchanges that have integrated Lightning is growing steadily, with Kraken, Okcoin, and OKEx being the most recent additions. According Bitcoin visuals, the number of knots at the end of July 2021 was around 13,391. This figure increased by around 27% to almost 17,000 knots. (The actual number of nodes will always be higher because there are a significant number of private nodes that are not included in the public data.) These increases in capacity, exchange integration, and number of nodes all indicate adoption increase in users.

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