Lightning Network Booms To High Capacity

Despite the markets declining over the past few weeks, there has recently been a sudden intake of nodes on Bitcoin’s Lightning Network has seen capacity increase to new all-time highs as the scaling solution is now going over $2 million in Bitcoin.

1ML.com released data from the past week which shows that the overcapacity shot up almost 300 percent to 438 Bitcoin.

An analysis of top capacity nodes on the Bitcoin mainnet Lightning Network integration reveals numerous new entries from the same provider. Most of these shrink the capacity of the networks previous massive node which provided around 15 Bitcoin.

The channel numbers also seemed to surge too when they hit more than 12,000 as of the 22nd November.

Earlier in the month, it has been reported that the network had already passed a significant milestone in the node count, reaching four thousand with a limit of 118 Bitcoin.

Adoption

One of the most key steps forward meanwhile caught the attention of businesses such as the biggest exchange in the world Binance, while on general shops, adoption for Bitcoin and the Lightning Network also seems to be getting into the mind of Bitcoin users.

Bitcoin has been massively adopted in Australia with a recent photo on Reddit showing the acceptance of Bitcoin including support for the Lightning Network.

The games out Mind Games decided to adopt the technology for payments which shows that the Lightning Network isn’t Vaporware but is real and available in retail.

“The network’s path to expansion has not always been smooth through its short one-year mainnet history.

Earlier this year, a large-capacity node by Shitcoin.com owner Andreas Brekken temporarily increased the network’s transaction handling capability markedly before disappearing after a matter of weeks.”

Critics have also warned the due to the Lightning Network growing too fast before technical sturdiness has been perfected, those including Bitcoin.org creator Cobra, the core developer Peter Todd and others.

The crypto markets seem to have gone into another slump with Bitcoin going under $4,400 once again and is down 3.61 percent over the past 24 hours.

What do you think about the Lightning Networks growth? Let us know what you think down in the comments below!