Lightning Strikes! LN Mainnet Reaches 1,000 Nodes

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Lightning Strikes! LN Mainnet Reaches 1,000 Nodes

Lightning Strikes! LN Mainnet Reaches 1,000 Nodes


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The Lightning Network (LN) notched one other historic achievement over the weekend, because the LN mainnet reached 1,000 energetic nodes for the primary time in its brief historical past.

Lightning Network Mainnet Reaches 1,000 Active Nodes

That’s although this nascent second-layer know-how, thought by many to be an answer to Bitcoin’s scaling dilemma, stays in alpha-stage testing and has but to obtain a manufacturing launch.

lightning network
Lightning Network Nodes and Payment Channels | Source: Twitter/Armin van Bitcoin

Owing to this reality, customers have but to make use of it to transact significant capital. The community is simply holding about four.5 BTC, value about $43,000 at the moment alternate charge. Moreover, practically forty % of network-connected nodes don’t have any energetic cost channels.

lightning network
LN Nodes With (Blue) and Without (Green) Open Payment Channels | Source: BitcoinVisuals

Nevertheless, this stage of mainnet adoption is outstanding for a know-how that, formally, remains to be in testing. For reference, there are at present simply over 11,000 energetic nodes on the Bitcoin community, in keeping with in keeping with CoinDance knowledge. Bitcoin Cash, whose departure from the primary Bitcoin blockchain was largely in response to its embrace of Lightning and off-chain scaling options, at present has 1,883 energetic nodes.

Lightning Speeds Toward User Adoption

Even extra outstanding is how rapidly customers have flocked to the LN mainnet, a transparent indication that enthusiasm for this scaling know-how stays excessive.

As CLC reported, the LN testnet launched in December, however it was not lengthy earlier than courageous (or maybe foolhardy) customers started organising mainnet LN nodes as properly.

In January, VPN supplier TorGuard started accepting mainnet LN funds, and earlier than lengthy the corporate had acquired the primary verified LN transaction that included the sale of a bodily product.

Last month, Austrian startup Coinfinity executed the primary LN-based Bitcoin ATM transaction. Then, the LN mainnet added its 1,000th cost channel, a improvement that occurred shortly earlier than Zap — a cross-platform LN pockets — acquired a beta launch. Finally, Laszlo Hanyecz — higher often known as the early Bitcoin person who spent 10,000 BTC on a pizza in 2010 — christened the Lightning Network with an analogous transaction.

Meanwhile, the beta model of the Lightning software program seems to be nearing its launch, although it’s unclear when this can happen.

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