It was to be expected: due to the congestion problems on the Bitcoin mempool, there is a real boom in transactions over the Lightning Network.
This is being reported by Bitfinex in particular, which is one of the first crypto exchanges to implement BTC transactions via LN.
The exchange did this back in 2019, when LN was very little used.
Back then, there were less than 5,000 nodes and less than 32,000 channels globally, whereas today there are more than 18,000 nodes and channels have jumped to almost 80,000.
The fact is that with the congestion in the memory pool, the cost of fees for individual transactions has skyrocketed and the average time to validate transactions has increased.
Suffice it to say that there are currently more than 400,000 transactions in the mempool waiting to be validated, compared to approximately 600,000 validated transactions per day.
The solution: Lightning Network
There is a solution to Bitcoin’s mempool congestion problem.
It is the Lightning
We współpracy z: https://en.cryptonomist.ch/2023/05/09/bitcoin-boom-lightning-network/
