The Bitcoin community celebrated as the layer 2 payment system reached a total of over 3,400 BTC locked. That is an equivalent of around $141 million.
Bringing near-zero fee BTC payments, Lightning’s adoption rose dramatically over the last year. During the same period, bitcoin became significantly more utilized as a network and an investment asset by investors and large companies as the crypto bull run went on.
However, growth has been slowing since November’s crypto crash. Moreover, Lightning’s total capacity is still minuscule compared to the $790 billion in Bitcoin’s market cap.
In fact, users hold more Bitcoin on the Ethereum blockchain as Wrapped tokens, with the market cap of Wrapped BTC standing at $10 billion.
How Does it Work?
The Lightning Network is an off-chain network that allows users to make Bitcoin payments at near-zero fees. Launched in 2018, it aimed to solve Bitcoin’s scalability problem.
It does so by letting users lock up a sum of Bitcoin on the network.
We współpracy z: https://cryptopotato.com/bitcoin-lightning-network-capacity-reaches-all-time-high/
