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Bitcoin celebrates milestone in the Lightning Network



Despite the currently depressed mood on the crypto market: The Bitcoin payment network is growing continuously. On the Lightning Network, nodes are gradually targeting the 20,000 mark.

The most important pillar for the integration of Bitcoin in payment transactions, the Lightning Network, is spreading its wings more and more. The number of nodes in the second-layer solution has now risen to over 18,000 and has thus grown by 122 percent since the beginning of the year.

Scaling booster for Bitcoin

As a second-layer solution, the Lightning Network fulfills a crucial function for scaling the Bitcoin blockchain. Security and decentralization have their price, which with Bitcoin is reflected in a comparatively low throughput of an average of seven transactions per second (TPS). The Lightning Network approach: Outsource transactions and process off-chain between payment channels. This happens until a final status is reached and transferred to the Bitcoin blockchain. A simple and ingenious answer to the Bitcoin scaling deficits.

And one that is gaining increasing acceptance. The number of nodes has more than doubled since the beginning of the year. Over 3,000 nodes have been added in the last three months alone. Accordingly, more and more payment channels are opening up. Lightning now has almost 80,000 payment channels, between which around 3,200 Bitcoin are currently moved - a record level. Current equivalent of $ 153 million.

One of the major growth drivers was the Lightning integration on Twitter . Since September, Bitcoin tips can be donated via the Strike app via Lightning in the social network. On the other hand, the introduction of Bitcoin as the national currency in El Salvador served as a further catalyst. The state BTC wallet Chivo is also compatible with the Lightning Network.


Lightning has proven itself as a Layer 2 solution. The network makes an important contribution to the use of the largest cryptocurrency as a means of payment. Transactions, also in the Satoshi area, can be carried out more quickly and costs can be reduced. Nevertheless: The Layer 2 solution is still a long way from being used on a large scale. For a global monetary system, 80,000 payment channels are not a lot. The trend is clear, however: the network is constantly expanding. If the Lightning Network maintains its growth curve this year, we should be around 170,000 payment channels in a year. That can be seen.

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