Bitcoin Lightning Network Gains Capacity of 3900 BTC
Bitcoin’s (BTC) fundamental design continues to outperform itself, further protecting, decentralizing, and speeding up the impermeable peer-to-peer network. The Bitcoin Lightning Network is no exception (LN).
According to figures from Bitcoin Visuals, the Bitcoin Lightning Network capacity reached an all-time high of 3915.776 BTC, demonstrating a commitment to the cause of improving BTC transaction speeds and lowering costs through the layer-2 protocol.
The Bitcoin LN was first added to the Bitcoin mainnet in 2018 to solve Bitcoin’s well-known scalability issues, and it has subsequently grown in capacity.
The climb was momentarily halted on April 18, when LN capacity dropped 7.7% in less than a week, from 3687.051 to 3402.273 BTC. Following the drop, the network quickly rebounded to 3718.351 BTC on May 2, exhibiting network resiliency.
The reason for the next Crypto Tipping Point might be Layer-2 Adoption:
Furthermore, data from 1ml demonstrates that the other components of the Bitcoin Lightning Network are evolving in lockstep with Bitcoin’s global popularity.
A data-driven forecast by a Redditor expects a significant shift in the crypto business, with the industry migrating away from bridging between L1 blockchains and toward L2 blockchains. “L2 adoption is happening today,” the OP adds, “even if it’s gradual and in spurts.” L2s improve dependability, decrease expenses, and improve accessibility behind the scenes. L2s are always growing and evolving, which is amazing.”
L2 scaling alternatives, take advantage of L1’s security by combining several transactions into a single package.