February2020

Lightning Network and Blockchains as Alternative Payments

BELDEX-Lightning Network 101

The lightning network has been making quite the uproar within the Bitcoin community and people cannot wait to get their hands on it. In fact, a lot of people have begun adopting the lightning network. How much though?  According to 1ML, the website that gives real-time status about the Lightning Network (LN), currently, there are approximately 11,246 nodes that support the network. At press time, the number of channels over the network was 35,999 which support a transaction capacity of 880.48 BTC or $8.2 Million. In the last 24 hours alone, 28 new nodes were added to the network. Basically,