Bitcoin Lightning Network Expands 100% In H1 2019

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Bitcoin’s Lightning Network (LN) has almost doubled its node count and capacity in the first half of 2019, new data shows. Bitcoin Lightning Doubles In H1 Statistics from monitoring resource Coin Gecko confirmed the network’s capacity expanded 87% in the period from January 1 – June 30. At the same time, the number of available nodes doubled from 2298 to 4576, capitalizing on Bitcoin’s 00 bull market which has focused fresh attention on cryptocurrency markets. The Lightning Network is a scaling solution currently active on both Bitcoin and Litecoin 00. Transactions occur outside the main blockchain, allowing funds to transfer between users almost instantly and with considerably lower fees than ‘on-chain’ transactions. Even prior to the start of Bitcoin’s bull market in April, Lightning had gained increased publicity thanks to a charity initiative organized by one of its users, Hodlonaut. Taking the form of a transaction relay to test the…

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