LIGHTNING TORCH INITIATIVE CONTRIBUTED TO THE GROWTH OF LIGHTNING NETWORK UP TO 6000 NODES

The Lightning Network continues to grow rapidly in the Bitcoin blockchain. Resource datam of 1ML.com confirm that the number of active nodes, channels, and total bandwidth of Lightning is now higher than ever in the entire thirteen-month network history.

In particular, Lightning Torch-relay transaction between the nodes, which received the support of Twitter CEO Jack Dorsey, influenced the growth of the network’s popularity. According to 1ML data, there are currently 6,048 nodes and almost 25,000 channels available, and network bandwidth has reached 660 BTC ($2.39 million).

The main purpose of the Lightning Network is to allow Bitcoin transactions to be carried out at high speed and without commission, and the network continues to evolve to meet this challenge. At the end of January, it became known that the bandwidth of the Lightning Network in the Bitcoin blockchain increased by 15% for the month. The last bandwidth record was set in December and amounted to 500 BTC.