The Bitcoin Lightning Network scaling protocol has passed a fresh landmark of 8000 nodes as a new solution launches to increase its mainstream usage.


Lightning Rides Growth Highs

Lightning, which continues to advance its presence as Bitcoin’s foremost scaling solution, hosted 8016 nodes at press time April 16 according to monitoring resource 1ML.com, up 8 percent over the month.

The network now has a total payment capacity of 1062 BTC ($5.37 million), having reached an all-time high of 1080 BTC earlier this month.

Designed to allow off-chain Bitcoin transactions which are almost instant and free, Lightning has come on leaps and bounds since it debuted on the Bitcoin mainnet at the start of 2018.

As Bitcoinist reported, frenetic development soon spawned publicity campaigns and endorsements from well-known tech figures, most notably Twitter CEO Jack Dorsey.

A transaction relay, Lightning Torch, further aimed to raise funds for the plight of Venezuelan citizens while stress testing the nascent network, a test it passed…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/bitcoin-lightning-network-passes-8k-nodes-as-mainstream-products-emerge/