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Lightning Network Capacity Approaches 100 BTC with 3000 Nodes
Editorial Team

According to a publication of bitcoinist.com, the Lightning Network active on the Bitcoin mainnet has passed 3000 nodes with capacity for almost 100 BTC in August.

The network capacity increased 85 per cent in the past thirty days, bringing mainnet Lightning’s totals funds accommodation to 97 BTC ($628,000), according to data from monitoring resource 1ml.com.

Lightning was launched around the beginning of 2018 in its mainnet form, with growth accelerating through Q2 2018.

In fact, Twitter commentator Kevin Rooke mentioned in May that the capacity remained comparatively low at just 18 BTC before the spectacular increase that begun in July.

At the time, Bitcoinist reported on a single node that was entering the network with a capacity of 35.4 BTC, which at the time doubled its size. Since then, that node disappeared leaving familiar names such as Bitrefill and less familiar entities leading the capacity count.

However, the continued rapid expansion of Lightning has not put a stop to criticism. For instance, the developer is known as StopAndDecrypt responding to claims from sources such as Bitcoin.com affiliate David Shares that Lightning’s nodes were “centralized,” demonstrated that the way visual maps represent them gave the illusion of centralization.

“The fact of the matter is, this network graph actually does a really terrible job of presenting the Lightning Network to you. It’s pretty and fun to play with, but it does everyone involved an analytic injustice,” he wrote in a blog post.

It is a fact that the ability of Lightning to process transactions is under question despite more Bitcoin-related business implementing the functionality.

Bitcoinist has noted that transactions over around three cents are less likely to be successful under current conditions as developers focus on improving robustness while the sums involved are relatively small.

Lastly, the network continues to “steal” support from its major proponents, including Litecoin creator Charlie Lee, who predict Lightning’s various implementations starting with Litecoin and Bitcoin would create the “ultimate decentralized exchange.”

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