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2910 public Lightning network nodes are online

Original slow and power-hungry transactions fixed by Lightning Network

30.Sep.21 1:55 PM
By Shawn Highstraw


2910 public Lightning network nodes are online
The Lightning Network is moving towards a total of 3,000 bitcoin (BTC) locked in the thousands of (Public) payment channels. To be precise, there are currently 2,910 BTC publicly on the network. A new record!

This statistic only concerns public nodes of the Lightning Network. You can also be' secretly ' active on the network, these parties on the network do not appear in this data.

The Bitcoin Lightning Network is a second layer built on top of the Bitcoin blockchain. The protocol allows you to do other transactions with BTC than on the base layer.

Among other things, you can make faster and cheaper transactions, on different terms.

The three different implementations (lnd, C-lightning and eclair) are increasing in popularity.

Since the first Lightning transaction in 2018, the network has grown enormously. In total, ~3,000 BTC is now locked in so-called pay channels. With the current market price, this amounts to ~$123 million, according to data from the Clark Moody Dashboard.

Lightning consists of a network of payment channels. Each payment channel has its own balance sheet. When you open a payment channel, you lock a little bit of bitcoin.

You then decide, together with the other peer of the payment channel, what the balance between them looks like.

However, the statistics of 2,500 BTC are only about public payment channels. You can also open private channels.

These cannot be used by other people to route (or: forward) payments to other peers in the network.

According to publicly available data, there are now a total of over 15,000 Lightning nodes and over 70,000 public pay channels.

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