Bitcoin

Read

Light

<div class="cryptonews">
 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="capacity" href="https://thebittimes.com/tag/capacity.html">capacity</a> of the Bitcoin Lightning Network to facilitate transactions <a rel="noopener noreferrer nofollow" title="continues" href="https://thebittimes.com/tag/continues.html">continues</a> on an upward trajectory, nearing all-time highs.</p>
 <p>According to data from LookIntoBitcoin, a site that tracks Lightning Network statistics, the network can handle over $210 million of <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s, or approximately 4,980 Bitcoin (BTC).</p>
 <figure class="wp-block-image size-full"><picture decoding="async" class="wp-image-14233291">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/02/f01ddbec0901dc1024f08a21cf5c2864.webp.webp">
   <img decoding="async" width="936" height="605" src="https://cdn.thebittimes.com/images/2024/01/02/f01ddbec0901dc1024f08a21cf5c2864.webp" alt="Bitcoin Lightning Network transfer capacity continues growing - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Bitcoin Lightning Capacity chart. | Source: LookIntoBitcoin
  </figcaption>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin Lightning Network sees 1,200% surge in 2 years
 </div>
 <p>This approaches the record high of $223 million reported on Dec. 6. Lightning saw its highest-ever capacity in July when approximately 5,400 BTC could be transferred via the network. This metric nearly reached similar levels again last November before dropping off slightly.</p>
 <p>Lightning Network’s capacity has grown impressively since its inception in early 2018. Despite fluctuating activity in broader crypto markets amid the 2022-2023 bear market, the Layer 2 network continues to demonstrate a consistent uptrend. Proponents believe Lightning enables faster, cheaper BTC transactions and could be key for greater retail adoption of Bitcoin payments.</p>
 <p>Critics argue that the Lightning Network remains highly technical and difficult for average users, with centralization risks due to its graph-based topology. Regardless, network capacity metrics indicate sustained developer and user activity even as the crypto sector faces headwinds.</p>
 <p>While the USD value of maximum Lightning <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a>s closely trails last year’s peak, the stability of the uptrend points toward the increasing legitimacy of Layer 2 scaling solutions for Bitcoin. As adoption spreads, the decentralized payment network appears positioned to challenge all-time high <a rel="noopener noreferrer nofollow" title="transfer" href="https://thebittimes.com/tag/transfer.html">transfer</a> <a rel="noopener noreferrer nofollow" title="capacity" href="https://thebittimes.com/tag/capacity.html">capacity</a> in the year ahead.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Lightning Network developer steps back after exposing severe flaw
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-lightning-network-transfer-capacity-continues-growing-tbt75304.html">https://thebittimes.com/bitcoin-lightning-network-transfer-capacity-continues-growing-tbt75304.html</a></p>

Bitcoin Lightning Network transfer capacity continues growing

TheBitTimes

Other articles published on Jan 1, 2024

XRP Price Poised To Hit $20,000: Chad Steingraber Theory Outlines How

XRP underwhelms; traders opt for Celestia and NuggetRush

Coinbase appoints new head of custody amid Bitcoin ETF preparations

5 Rising Cryptos That Deserve Your Attention In 2024

These Are Top Bitcoin (BTC) Price Predictions for 2024

VeChain and Polkadot holders seeking opportunities in ongoing Pullix presale

Join our free newsletter for daily crypto updates!