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The Lightning Network, a node-based payment protocol designed to solve Bitcoin’s solvability problem, has shattered all expectations of success with its rise of over 1200% in the last two years.
The Lightning Network is a “layer 2” decentralized network based upon Bitcoin’s blockchain, designed to solve the scalability problem in bitcoin transactions. Essentially, Bitcoin can function as a trustless and decentralized global currency because of its proof-of-work system that can verify all operations on the blockchain, one block at a time. However, as Bitcoin has exploded in popularity and value over the years of its existence, the number of transactions that need verification has risen logarithmically, into the tens of millions per mon
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