Bitcoin’s Lightning Network has more than 10, 000 operating nodes, nearly doubling inside a year.
Rising by approximately 100 percent since this time last year, the amount of nodes operating on Bitcoin’s Lightning Network nodes continues to be rising, according to data through Bitcoin Visuals .
As of April 5, 2021, there were 10, 394 Lightning Network nodes with channels and the cumulative network capacity, the amount of bitcoin locked in to Lightning channels, has achieved a remarkable $68 million .
On April five, 2020, the number of nodes was at 5, 349 nodes, with a cumulative capacity of merely $6. 3 mil. Further accentuating the level of the Lightning Network’s development, on April 5, 2019, the number of nodes was four, 096.
The Lightning Network level operates like an auxiliary create over the main Bitcoin system. It helps with speeding up the particular transaction pace and throughput of the network, which is fairly slow on the main Bitcoin blockchain due to bitcoin’s proof-of-work (PoW) transaction validation scheme. With the Lightning Network, bitcoin transactions can be executed in under a minute.
Furthermore, judging by Bitcoin’s macroeconomic tendencies, transaction fees using the primary Bitcoin network will continue to keep rise. As such, the deal fee cost will become really an obstacle for justifying certain transaction volumes. This eventual fate of the system makes infrastructure like the Super Network necessary, especially for retail-sized transactions.