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The implementation of Lightning Network on Bitcoin's core network has set new records, as its rapid growth continues in 2019.
6,000 knots, $ 2.4 million capacity
Data from the 1ML.com monitoring resource confirms that Lightning's number of active nodes, channels, and overall transaction capacity are now higher than ever in its 13-month history.
The increase in size comes as Lightning gains publicity beyond the Bitcoin technical community through a user-centric initiative that allows other users to become familiar with the operation of the network.
Specifically, Lightning Torch, a relay-to-node rebound transaction, has already benefited from Twitter CEO Jack Dorsey's participation in what became a high-profile event last week.
Since then, calls have been made to other well-known personalities, such as Tesla CEO Elon Musk, to follow Dorsey's lead and reinforce Lightning's reputation.
According to 1ML, there is currently a total of 6048 accessible nodes and nearly 25 000 channels, while the capacity reaches 660 BTC (2.39 million dollars).
Hit the Bigtime
As Bitcoinist indicated that the objective of Lightning Network is to allow a considerable number of Bitcoin transactions to take place instantly and at no additional cost.
Since the Mainnet protocol debuted in early 2018, developers have sought to iron out technical inconsistencies, which means that aspects such as the user interface and overall usability remain a challenge.
Third parties have already created and marketed simple Lightning-based products, such as portfolios, but the network still requires work before it can scale to support mbad transactions of any size.
Nevertheless, Dorsey, among others, has expressed interest in the generalization of technology. In tweeting about his participation in Lightning Torch, he added that he "loved" the concept of potential micropayments Bitcoin included in Twitter, supposed to improve the quality of content.
Such a configuration would result from more payment-oriented platforms, such as Daniel Larimer's three-year-old but somewhat controversial Steemit.
What do you think of the progress of the Lightning network? Let us know in the comments below!
Images courtesy of Shutterstock, 1ml.com, Bitcoinist Archive
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