The underlying architecture of Bitcoin (BTC) continues to outperform itself, securing, decentralizing, and accelerating the impenetrable peer-to-peer (P2P) network. The same goes for the Bitcoin Lightning Network (LN).
Bitcoin Lightning Network capacity hit an all-time high of 3,915,776 BTCas data from Bitcoin Visuals demonstrates, showing a commitment to the cause of improving the speed of BTC transactions and reducing fees over the layer 2 protocol.
The Bitcoin LN was first implemented on the Bitcoin mainnet in 2018 to address Bitcoin’s infamous scalability issues, and has since has been able to maintain an upward trajectory in terms of capacity expansion.
The scaling, however, saw a temporary halt on April 18when LN capacity dropped 7.7%, from 3,687,051 to 3,402,273 BTC in a matter of a week. Showing the resilience of the network, the drop was accompanied by a quick recovery to 3,718,351 BTC on May 2..
Also, 1ml stats show that every other aspect of the Bitcoin Lightning Network continues to grow in parallel with bitcoin’s global adoption drive.
A Redditor’s data-driven prediction hints at a major innovation that will see the crypto industry move away from the bridge between L1 and L2 blockchains.. As the OP explains:
“L2 adoption is happening now, albeit slowly and in bursts. Behind the scenes, L2s are improving reliability, lowering rates and increasing affordability. The L2s continue to build and improve, and that’s fantastic.”
As Cointelegraph previously reported, L2 scaling solutions leverage the security of L1 and process multiple transactions in a single packet.
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