Lightning Network Grows By 200% As Bitcoin Defies Price Slump To Dominate The Market-7.33

The last few days have been messy for the crypto market, but it’s been a pretty rosy period for the Bitcoin Lightning Network. This development might contradict some people’s views that Bitcoin may be losing its momentum in the campaign for mass adoption. As a matter of fact, the current data based on the crypto’s performance on the Lighting Network proves otherwise.

The Lightning Network came into being about a year and half ago, and it’s designed to solve Bitcoin’s scalability problem. Basically, the Lightning Network is an off-chain layer on top of the main Bitcoin network. On this chain, users can engage in peer-to-peer trades on a specific channel without having access to the underlying main ledger. Once they’re through with business, they close the channel and the data is then updated on the ledger.

Original source
https://ethereumworldnews.com/lightning-network-grows-by-200-as-bitcoin-defies-price-slump-to-dominate-the-market/

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