{"id":11167,"date":"2021-09-28T13:07:34","date_gmt":"2021-09-28T12:07:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11167"},"modified":"2021-09-28T13:07:34","modified_gmt":"2021-09-28T12:07:34","slug":"lightning-network-nodes-and-channels-hit-new-record-highs","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/lightning-network-nodes-and-channels-hit-new-record-highs\/","title":{"rendered":"Lightning Network nodes and channels hit new record highs"},"content":{"rendered":"\n
Lightning Network (LN), <\/a>Bitcoin's premier layer-two solution, has seen its node count reach new highs over the past 12 months while the number of channels is up 170% since January.<\/h5>\n\n\n\n
\"\"<\/figure>\n\n\n\n

According to the Sept. 27 Week on-Chain report from on-chain analytics firm Glassnode\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the number of Lightning Network nodes surged by 160 percent in September to a new high of 15,600. Only 6,000 LN nodes were operational by the end of August.<\/p>\n\n\n\n

The number of channels on the LN, or connections between different nodes, has also reached a high of 73,000, corresponding to an average of 4.6 channels per node, according to the report. As of September 26, Bitcoinvisuals reported an average of 9.3 channels per node.<\/p>\n\n\n\n

\u201cThis is around double the number of channels that were live through the period from 2019-20, with most of this growth occurring since May 2021.\u201d<\/p><\/blockquote>\n\n\n\n

According to Glassnode, the Lightning Network's total capacity has <\/a>grown “explosively” this year. The measure refers to the total amount of BTC that the LN may send.<\/p>\n\n\n\n

At present pricing, the network's capacity is at an all-time high of 2,904 BTC ($123 million). The achievement represents a 170 percent growth in capacity since January, with around 22 percent (514 BTC) added to the network in September alone.<\/p>\n\n\n\n

The average channel capacity, or the amount of BTC delivered per channel, is at 0.04 BTC (about $1,670), a new high for the network. Throughout 2019 and 2020, this is a 43 percent growth above the average channel size of 0.028 BTC.<\/p>\n\n\n\n

The Lightning Network has lately made headlines as a result of Twitter's integration of LN for tipping, as well as the network's national roll-out across El Salvador <\/a>amid the country's embracing of digital assets.<\/p>\n\n\n\n

In 2015, two researchers, Thaddeus Dryja and Joseph Poon, suggested the Lightning Network as a mechanism to move Bitcoin transactions off-chain to boost throughput and lower costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lightning Network (LN), Bitcoin’s premier layer-two solution, has seen its node count reach new highs over the past 12 months while the number of channels is up 170% since January. According to the Sept. 27 Week on-Chain report from on-chain analytics firm Glassnode , the number of Lightning Network nodes surged by 160 percent in […]<\/p>\n","protected":false},"author":12,"featured_media":11170,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4682,483,4080,4683],"class_list":["post-11167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-channel","tag-lightning-network","tag-nodes","tag-record-highs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Lightning-Network-nodes-and-channels-hit-new-record-highs.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11167"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11170"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}