New Record Lightning Network – 6,000 Nodes
Bitcoin’s mainnet Lightning Network implementation has hit new records across the board as its rapid growth continues in 2019, Bitcoinist reports.
According to the data from monitoring resource 1ML.com confirms that the number of active nodes, channels and overall transaction capacity of Lightning are all now higher than ever in its thirteen-month history.
Along with this increase in scale, a lot of it can be attributed to the unexpected scope of publicity that was provided thanks to both the Bitcoin technical community as well as the broader social media communities. So what is it that sparked this off? Its community: which took some firm drives towards getting the network into the hands of users, and getting them familiar with how it works.
While scalability is likely to remain a huge issue for Bitcoin, numerous projects have been launched to provide solutions. The Lightning Network is one, which aims to expand Bitcoin’s transaction rate to millions of transactions per second. With nearly 6,000 nodes in its network and more than 20,000 payment channels, the effort is making an impact. Many of its features— such as side-payment channels, smart contracts, and blockchain interoperability— are extremely relevant to security tokens.