With more capital and better tools, Lightning’s role in everyday crypto payments continues to expand Bitcoin’s Lightning Network has reached a new record for total capacity, signaling renewed momentum after a long stretch of slower growth. Data from network trackers shows that more Bitcoin is now locked into Lightning payment channels than at any point
Use of the transaction network has reportedly grown 1,200% in two years Bitcoin’s layer 2 Lightning Network has grown by an estimated 1,212% in two years, with about 6.6 million routed transactions completed in August, a huge jump compared to the 503,000 transactions in August 2021, according to Bitcoin-only exchange River. In a River report
The crypto exchange believes the Lightning Network might help it speed up transactions In order to enable faster cryptocurrency payments, Coinbase is planning to integrate Bitcoin’s Lightning Network. CEO Brian Armstrong commented that Coinbase backs the efforts to facilitate Bitcoin payments via the Lightning Network. Armstrong was commenting in response to a tweet by former
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