Bitcoin Lightning Network capacity crosses 5000 BTC
Bitcoin lightning network’s capacity has steadily been inclining. On 29 September, it reached the 4900 BTC mark. Now, according to recent data, the capacity of the layer-2 payments solution has crossed the psychological 5000 BTC benchmark. In January 2021, the capacity was hovering around 1k BTC. This means, in just a period of 1 year and three quarters, the capacity has increased by an additional 4k BTC. Source: lookintobitcoin The feat has been achieved at a time when Bitcoin’s price has been declining. As illustrated above, the capacity acceleration started mid of this year, when Bitcoin was attempting a recovery. Even though Bitcoin failed to progress on the price front, the lightning network kept growing, making the case for increased adoption. The lightning network aids users to send and receive Bitcoin faster with lower fees. A higher capacity usually connotes more liquidity. Commenting on the latest achievement, John Carvalho—CEO of Synonym...