Bitcoin Lightning Network Continues To Boom Amid BTC Surge Past $4,000

Although the crypto market has barely budged since New Year’s Day, save for Sunday’s surge, Bitcoin’s fundamentals have continued to outperform, starting off 2019 with a proverbial bang. Case in point, per data from Bitcoin analytics provider 1ML, routed through crypto trader Ride The Lightning, the capacity of the Lightning Network is up 23% in the past month.

For those who missed the memo, the Lightning Network is a second-layer scaling solution that facilitates low-cost, near-instant, scalable, and secure transactions. The scaling solution can now facilitate 557.58 BTC ($2.265 million U.S. at current prices) worth of transactions at maximum capacity — not a small sum to say the least.

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