Crypto Adoption Will Grow As Lightning Network Evolves

The Lightning Network is expected to be one of the next big things in the crypto world and is lauded by its proponents to be the ultimate fix to any scaling problem Bitcoin will encounter. This is an added layer to the Bitcoin protocol which is intended to create a faster channel to make payments.

One of the biggest problems that affect Bitcoin is scaling. Despite this, the Lightning Network will provide users with payment solutions on an instant level that will enable people to use the leading cryptocurrency in order to purchase an everyday item like a cup of coffee or a sandwich.

One Twitter user under the handle @kerook the growth the Lightning Network has been experiencing.

3 months ago, @tippin_me went live.

Since then, there have been:

⚡️ 15,000 tips sent
⚡️ 14,000 sign ups
⚡️ 4,000 browser extensions installed
⚡️ 559 channels connected to it
⚡️ $30,000+ of potential transaction capacity added to those channels pic.twitter.com/EwuKnbhQME

— Kevin Rooke (@kerooke) March 4, 2019

One of the most key endorsements that the Lightning Network has received comes from the CEO of both Twitter and Square, Jack Dorsey. Dorsey has already stated his belief in Bitcoin as the native currency of the internet. Some of his statements have excited many in the crypto world and how his latest comments on Tippin.me have even sparked some more growth for the space.

The Lightning Network is making more gains on a daily basis and with this, using cryptocurrency as an asset will only get easier as time goes on. Mainstream adoption will almost definitely be aided by the ability to use Bitcoin in everyday settings. Pompliano recently hammered home on the fact that traditional credit card companies could lose out to the Lightning Network and all the advantages that it offers.

Grocery store @kroger is stopping acceptance of @Visa in over 250 stores because of network fees.

Who knows someone on the leadership team there?

The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide. 🔥🙏🏽

— Pomp 🌪 (@APompliano) March 2, 2019