Friday, March 15, 2019

[uncensored-r/btc] There are currently 10373 public nodes running on the Bitcoin (BTC) network, what about Lightning...

The following post by rogver is being replicated because some comments within the post(but not the post itself) have been openly removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ btc/comments/b1gru3

The original post's content was as follows:


Lightning Network continues to go from strength to strength, racking up 7,364 nodes. This caused the main net capacity to reach an all-time high of 827 BTC ($3,259,491).

Lightning will grow the network effect of Bitcoin, allowing for the first time, thousands of low value transactions for less than a fraction of a cent each.

2nd layer solutions like Lightning and Liquid (for high value. 2 minute transfers), will absorb much of the traffic going forwards currently on main-chain, leaving main-chain free to absorb even more transactions.

Any user can set up a bitcoin full node, and help the Bitcoin & Lightning networks. Running a node gives you increased security & privacy. It also gives you a say in how the network develops, in the event of a hard fork, through the software implementation you decide to run.

Bitcoin has scaled successfully, with SegWit 4MB block-weight, hence most of the Bitcoin (BTC) blocks are over 1mb most days. You can see all the blocks larger than 1MB here: https://www.blockchain.com/btc/blocks

Bitcoin Nodes: https://coin.dance/nodes

Lightning Nodes: https://1ml.com/statistics


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