Bitcoin’s LN packs a punch, but is it truly far from having security concerns

Lightning strikes stronger 
The Lightning Network’s capacity has increased by 161% since the beginning of this year. In fact, it has grown since its inception in 2018, which can be observed through a growing node count, network capacity, and other metrics.

Since 17 September, there has been a gradual increase in LN’s network capacity. This happened alongside a rise in the number of nodes. Additionally, the number of LN channels saw a rise too. 

The lightning channel is utilized in micro-transactions and can be used for a variety of purposes in addition to making purchases. In fact, developers have been working continuously to see how similar behaviors may be replicated in different industries.

Earlier this month, peer-to-peer cryptocurrency exchange Paxful integrated Lightning Network onto its platform, giving its over 7 million users access to near-instant BTC transfers. If Lightning is able to maintain a decent rate of growth, the L2 scaling solution could have a capacity of 10,000 BTC by March 2022, according to a previous article.

Now, while metrics and adoption paint a bullish picture for LN’s future, there is still a lot of development lacking. The same, in fact, was recently pointed out by a Reddit user. 

Source :  ambcrypto.com