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This chart shows the amount of BTC that's locked into the Lightning Network over time, one measure of adoption: https://embed.theblockcrypto.com/data/on-chain-
by carleverett 6y ago
This chart shows the amount of BTC that's locked into the Lightning Network over time, one measure of adoption: https://embed.theblockcrypto.com/data/on-chain-metrics/bitcoin/lightning-networks-capacity-daily/embed https://embed.theblockcrypto.com/data/on-chain-metrics/bitco...
It hasn't grown much in the last year and a half. Personally I don't see Lightning Network winning the battle for high-bandwidth, low-cost transactions against all the other protocols.
- itsdsmurrell 6y agoWhen the block size got blocked at 1MB from those looking to profit from moving transactions to layer 2 options... I switched over to Bitcoin Cash. If you try it out, it operates like Bitcoin has operated for years until the fee market started.
- xur17 6y agoA few notes on that: * This only shows public channels. Most wallet apps that people install on their phone, etc open private channels * This shows capacity, it doesn't show throughput. I work at a company that accepts payments over lightning, and our volume has grown a lot over the past year, but our channel capacity really hasn't had to grow all that much (since we withdraw funds to layer 1 regularly)
- carleverett 6y agoNeat! Would you mind sharing the company you work for?
- xur17 6y agohttps://foldapp.com https://foldapp.com