Lightning Network reaches all-time high in bitcoin capacity
Lightning Network, a Layer 2 payment network built on top of the Bitcoin blockchain, has reached an all-time high in terms of capacity, or the amount of bitcoin (BTC) locked in payment channels.The payment channel capacity on the Lightning Network has grown 63% since the beginning of last year, according to data from The Block Research.
The Lightning Network is a second-layer payment protocol built on top of the Bitcoin blockchain, designed to enable fast and cheap micropayments by allowing participants to transact directly without the need for immediate settlement on the blockchain. It operates as a network of bi-directional payment channels between participants, allowing for off-chain transactions that are eventually settled on the Bitcoin blockchain. which allows it to handle high amounts of low-value transfers without having to broadcast every transaction to the Bitcoin main network.
https://t.me/bitcoin_day
