$2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline

$2 Million: Lightning Network Hits Record Capacity Despite Bitcoin Price Decline


Perhaps it’s unsurprising to readers familiar with Blockstream CEO Adam Back’s recent prediction of a $500,000 Bitcoin, but one of the blockchain startup’s chief technological efforts, the Lightning Network (LN) — which facilitates off-chain Bitcoin payments instantly at very little cost — saw a rise to over $2 million in capacity while the price of

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Posted by P. H. Madore on November 24, 2018 @ https://www.ccn.com/2-million-lightning-network-hits-major-milestone-despite-bitcoin-price-decline/

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