Lightning Network Erupts 1600% Since February

0
 Lightning Network Erupts 1600% Since February Lightning Network Erupts 1600% Since February

Early adopters of the Lightning Network may find a reason to be optimistic as the technology begins reaching unprecedented levels of adoption, adding several nodes to the network and a significant amount of to boot.

In February this year, the network had 1,000 channels at a value of 4 BTC. In the following months, the number of channels kept growing at a steady rate, but the quantity of Bitcoin hadn’t kept pace.

This was pretty much the status quo until mid-November, when a sudden influx of adoption brought the number of channels up to 16,000 and the total market capitalization of the network to over 450 BTC. That’s a 1,600% increase in adoption and a 10,000% increase in capital compared to the February milestone.

This sudden burst happened around

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave A Reply