in , , , , ,

Public Capacity Of Bitcoin Lightning Network Rises Over 5,000 BTC

Public Capacity Of Bitcoin Lightning Network Rises Over 5,000 BTC thumbnail

BTC added the layer-2 protocol to mitigate the scaling challenges, Bitcoin Lightning Network (BLN). The BLN was created to offer better scalability, make transactions cheaper, and increase the transaction speed on Bitcoin Network.

Scalability has been a deterrent factor to the mass adoption of many cryptocurrencies. For example, High transaction fees and slow speed are some of the challenges encountered on the Bitcoin Network.

After the introduction of BLN, the scaling issues remained unsolved due to low capacity, among other shortcomings. In addition, the lightning network introduced more problems, such as malicious attacks and low routing fees.

In addition to the attacks, the BLN is incompatible with all wallets. Therefore, one must acquire a compatible wallet to work with it.

With other issues, the BLN capacity has struggled and encountere

CONTINUE READING >>

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    $ADA: Total Value Locked on Cardano’s DeFi Ecosystem Drops to 8-Month Low thumbnail

    $ADA: Total Value Locked on Cardano’s DeFi Ecosystem Drops to 8-Month Low

    670K-follower ETH Classic account turns into Ergo: What happened? thumbnail

    670K-follower ETH Classic account turns into Ergo: What happened?