Bitcoin Lightning Network Channel Capacity Hits Another All-Time High

bitcoinmagazine.com
4 min read
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Public channel capacity on the Bitcoin Lightning network continues to explode, hitting another all-time high of 2,738 bitcoin.
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Public channel capacity on the Bitcoin Lightning Network continues to explode, with channel capacity hitting another all-time high of 2,738 BTC yesterday. The Lightning Network is a Layer 2 scaling solution built on top of the Bitcoin base layer, which allows two peers to open up a channel between each other and defer final settlement into the future.

The Lightning Network white paper was first released back in January 2016 as a proof-of-concept idea, as the Bitcoin base layer has a limited throughput, which was and still is needed to keep the network sufficiently decentralized (the larger the block size the larger the cost to run your own node).

Source: Glassnode

Although the network functions using payment channels opened between two peers, public channels and node interconnectivity allow…
Dylan LeClair
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