Lightning Network Capacity Reaches 600 Bitcoins
The Lightning Network (LN) continues to grow rather fast. According to 1ML as of February 1, 06:00 (UTC), its throughput reached 623 bitcoins in the amount of $2.1 million.
Starting from January 1, 2019, the number of LN payment channels increased by 31% and amounted to 22,685. The number of nodes exceeded 5800, having grown by more than 15% over the last month.
Over the past 24 hours, 23 new nodes have been created on the network, 2885 nodes were registered with active channels. The average commission cost is one satoshi.
The Lightning Network is one of the most significant solutions related to Bitcoin scaling. It is designed to reduce transaction fees, increase security and confidentiality of payments. Specialists are constantly working on its improvement to make it more accessible to users.
However, some representatives of the crypto sphere speak of the existing disadvantages of the LN. In mid-January, Larry Chermak, analyst at The Block, drew attention to the fact that 20 public nodes belonging to one project called LNBIG.com control channels for 365 bitcoins amounting to $1.3 million. Such a state of affairs, in his opinion, can lead to the network centralization.
Meanwhile, the first cryptocurrency was traded at $3435 in the morning on February 1, according to CoinMarketCap. Bitcoin capitalization amounted to $60.1 billion at 06:24 (UTC).