According to analysts, the increase in the capacity of the Lightning Network a network refers to all nodes in the operation of a blockchain at any given moment in time. through its main channels implies greater adoption of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency, as well as the need for faster and lower-cost transactions.
- Capacity of Lightning Network price increases despite the fall in the price of Bitcoin.
- It rose to about 4,290 BTC, increasing by about 1,102 BTC in the last nine months.
- This implies a greater adoption of Lightning Network between BTC users.
Despite the fall in the price of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and the reduction in the difficulty a measure of how hard it is to validate a new block on a blockchain. levels for processing blocks in your network, the second layer solution to streamline payments through your Blockchain, Lightning Network, continues to increase its ability to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. low-cost transactions.
Capacity of Lightning Network continues to increase
According to recently published reports, the total capacity of the Lightning Network through its public channels already exceeded 4,290 BTC, a figure that represents an increase of 34.6% compared to November 2021, when the main digital currency currency is a medium of exchange that defines value. reached record highs close refers to the closing price; similar to the same term used in stock trading. to USD $68,000 per unit.
In this regard, a report published by Glassnode indicates that the capacity of Lightning Network increased by about 1,102 BTC in the last nine months, and adds:
“Bitcoin capacity present on the Lightning Network’s public channels continues to reach new highs, this despite the countervailing situation that could represent the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market an area or arena, online or offline, in which commercial dealings are conducted. that has been in place for a few months now.”
Increased adoption of Lightning Network
As for the implications of these figures, the analysts at Glassnode indicate that this could represent an increased adoption of this solution to expedite payments with Bitcoin at low cost.
As such, Lightning Network is a second layer solution focused on increased scalability for the network. Bitcoin. Therefore, through its channels it allows transactions with BTC to be faster and cheaper, being quite advantageous for people and entities that want to take advantage of the digital currency as a means for payments.
According to researchers at Glassnode, the increase seen in the capacity of Lightning Network leads to greater usability among users, enabling payments and investment opportunities. For example, El Salvador, a country that last year formalized a Bitcoin as legal tender, and that through the Chivo wallet a place where cryptocurrency users can store, send and receive digital assets. users can make transactions with the digital currency through this channel.
Trough of Bitcoin is still present
Hand in hand with the figures of the growth ofLightning Network, Bitcoin also continues to gain a lot of traction among enthusiasts and investors, despite the drop in price from the all-time highs seen at the end of last year.
Although currently priced at around USD $23,000 per unit, many enthusiasts, analysts and investors recognize the properties of Bitcoin compared to other legal tender currencies, arguing that it is an excellent store of value in these times when the global economy is facing severe downturns.
As of press time, each unit of BTC is trading at about USD $22,719, which represents a 1.8% drop in the last 24 hours.
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Version by Angel Di Matteo / DiarioBitcoin
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