Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: coingabbarmarket on October 13, 2023, 02:21:02 PM
-
Bitcoin Lightning Network sees 1,213% growth in 2 years
Bitcoin's layer-2 Lightning Network has seen an estimated 1,213% growth in 2 years. The Lightning Network has seen a significant jump with approximately 6.6 Million routed transactions in August this year compared to 503,000 transactions in 2021. This increase in routed transactions has come after a 44% drop in the price of Bitcoin and a decline in online search interest according to the report. The Lightning Network is currently handling at least 47% of Bitcoin's on-chain transactions, indicating a significant shift towards becoming a medium of exchange. Also, the growth in Lightning Network is credited to areas like Gaming, Social Media and Streaming, which shows its increasing use and acceptance for various transaction purposes.
https://www.coingabbar.com/en/crypto-shorts-news