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Bitcoin Lightning Network Jacks Up Nodes from 7,000 to 15,000

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Bitcoin Lightning Network Jacks Up Nodes from 7,000 to 15,000 Blockchain, News PlatoBlockchain Data Intelligence | Vertical Search AI
  • Bitcoin nodes recorded a massive increase of 105%, equivalent to over 15,000 nodes.
  • The number of payment channels increased from 38,000 to 73,000.
  • LQwD FinTech provided a corporate overview covering major highlights since the acquisition in June 2021.

Bitcoin nodes showed massive growth in the past few months via Lightning Network, a layer-2 solution for Bitcoin scalability. Since February 2021, the Bitcoin Lightning Network has seen a node growth of 105% from 7702 to over 15,000.

As a result, Bitcoin’s transaction capacity increased from 1,125 BTC to almost 3,000 BTC. In fact, it is up by 160% compared to September 30, 2021. Additionally, there was a 92% increase in the number of payment channels – with a total of more than 73,000 from the initial 38,000.

LQwD FinTech provided a corporate overview covering major highlights since Interlapse’s (now rebranded into LQwD) acquisition of LQwD in June 2021. The network’s effectiveness encouraged the company to continue to expand its business.

LQwD CEO Shone Anstey stated,

The remarkable growth of the Lightning Network has authorized LQwD’s reason to be hyper-focused on Lightning, and I look forward to continuing to expand our business on this rapidly growing global payment network.

Furthermore, as Bitcoin continues growing in value and popularity, more people, institutions, and firms are looking for dedicated services to help them make purchases and transactions using the cryptocurrency. LQwD expects this trend to continue and turn the Lightning Network into the global monetary exchange of the future.

LQwD Fintech, a Bitcoin Lightning Network company, focuses on institutional-grade payment infrastructure solutions and development. More importantly, the company created the first publicly traded Lightning Network company.

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