Bitcoin Lightning Network now has over 8000 nodes

16 Apr, 2019 | Updated: 17 Apr, 2019
by David Robb
Bitcoin
Bitcoin Lightning Network now has over 8000 nodes

The Lightning Network has reached a significant milestone in the last 24 hours. There are now over 8000 individual nodes on the high-speed Bitcoin layer.

Data from 1ML, a LN Search and Analysis Engine, shows that the total number of nodes at time of writing is 8,020. This is an increase of 7.8 percent over the last 30 days.

As for Lightning Network channels, this has fallen slightly over the last month, down 2.3% to 38,414. The total network capacity now stands at 1,060.96 BTC, worth around $5.5 billion at current prices. With a total of 106 nodes, Toronto is the world's leading region for Lightning Network adoption. 

With the Bitcoin processing its 400 millionth transaction just last week, and a new bull run just over the horizon according to the predictions of many, solutions to the scaling problem are becoming increasingly necessary. The Lightning Network is currently seen as the most effective option to manage growth, but it is not without its critics, many of whome are suspicious of its processing of transactions off-chain.

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