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22 April 2021

Bitcoin Adoption Grows Following Lightning Network’s Nodes Doubling

Bitcoin Adoption Grows Following Lightning Network’s Nodes Doubling


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Bitcoin Adoption Grows Following Lightning Network's Nodes Doubling.

The mainstream adoption of Bitcoin (BTC) may soon be a reality following the Lightning Network’s nodes doubling.

Data from Bitcoin Visuals suggests that the number of Lightning Network nodes grew from 4,000 – 5,000 between April 2019 and April 2020 before skyrocketing to over 10,000 this month.

As bitcoin’s mainstream recognition is unparalleled, some hold that the Lightning Network’s adoption will enhance the crypto’s viability in payments.

A research note dated December 2020 contends that about 78 percent of the circulating bitcoin supply is illiquid

It further asserts that the illiquid supply is outpacing the total circulating supply.

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