{"id":497940,"date":"2022-10-03T16:09:33","date_gmt":"2022-10-03T13:09:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-lightning-network-capacity-strikes-5000-btc\/"},"modified":"2022-10-03T16:09:33","modified_gmt":"2022-10-03T13:09:33","slug":"bitcoin-lightning-network-capacity-strikes-5000-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-lightning-network-capacity-strikes-5000-btc\/","title":{"rendered":"# Bitcoin Lightning Network capacity strikes 5,000 BTC"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22bea07c847\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22bea07c847\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-lightning-network-capacity-strikes-5000-btc\/#%E2%80%9D_Bitcoin_Lightning_Network_capacity_strikes_5000_BTC_%E2%80%9C\" >&#8221; Bitcoin Lightning Network capacity strikes 5,000 BTC  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_Lightning_Network_capacity_strikes_5000_BTC_%E2%80%9C\"><\/span>&#8221; Bitcoin Lightning Network capacity strikes 5,000 BTC  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ebd806f>Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish.<\/p>\n<p>The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide, as Bitcoiners continue to support the growth of the network.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/ebb3416c-0951-4841-be40-1d751b1473e1.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin Lightning Network capacity. Source: Look into Bitcoin<\/em><\/figcaption><\/figure>\n<p>The Lightning Network allows users to send Bitcoin (or satoshis, the smallest amount of a Bitcoin) to send or receive money faster and with lower fees. The more capacity on the network, the more liquidity is on hand. As a result, users can experience faster payment speeds and potentially larger transaction volumes.\u00a0<\/p>\n<p>First created in 2018, the Lighting Network has come under fire recently. Bitcoin influencers such as Udi Wertheimer have <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Marketsbylili\/status\/1567145730904653825?s=20&amp;t=c2__oM_YVLjZE1Dx4x1kgQ\">discussed<\/a> the network\u2019s \u201cfailure,\u201d claiming that no one <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/udiWertheimer\/status\/1567025901640232960?s=20&amp;t=c2__oM_YVLjZE1Dx4x1kgQ\">uses<\/a> the network. Nonetheless, the network hit 4,000 BTC capacity in June and over the past four years, it has become a reliable payment network and is popular in El Salvador, the Isle of Man and Gibraltar: <\/p>\n<p><iframe loading=\"lazy\" title=\"Why this Mediterranean city is adopting the Bitcoin Lightning Network\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/XCoB0pS9Yo8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Nourou, of Bitcoin Senegal, explains why\u00a0the LN is so important. He told Cointelegraph, &#8220;In Senegal, we have an economy of 50 FCFA. That is to say that the Senegalese of the working and proletarian class, who represent the majority of the population, buy, for their breakfast, 50 FCFA (0.07\u20ac) of milk, sugar, coffee, water, and many other basic products.&#8221;<\/p>\n<blockquote><p>&#8220;Microtransactions are our economic reality. For Bitcoin to become the standard in the years to come, and in our economies, the lightning network would have to have enough capacity to support these microtransactions.&#8221;<\/p><\/blockquote>\n<p>Nicolas Burtey, CEO at Galoy, was one of the first to celebrate the 5,000 Bitcoin achievement. Burtey told Cointelegraph that the adoption of Bitcoin in El Salvador was the tipping point for the Lightning Network. This is where all metrics really started to take off.&#8221; He joked, &#8220;The bill should have actually been called the Lightning Law!&#8221; <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zxx\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Bo18xkMe8A\">pic.twitter.com\/Bo18xkMe8A<\/a><\/p>\n<p>\u2014 Nicolas Burtey \u26a1\ufe0f\u26a1\ufe0f (@nicolasburtey) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nicolasburtey\/status\/1576918247534112769?ref_src=twsrc%5Etfw\">October 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Burtey continued, explaining that while the 5,000 BTC metric is important,\u00a0\u201cPayment velocity per channel is growing at an even faster rate. It&#8217;s a more meaningful metric, but only node operators can see it, so it&#8217;s not so prominent in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>.\u201d<\/p>\n<p>The Lightning Network, once a space for hobbyist Bitcoin enthusiasts, now <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eals to large corporations. MicroStrategy is now hiring for a Bitcoin Lightning Software engineer. MicroStrategy is the largest holder of Bitcoin among publicly traded companies, with 130,000 BTC on its balance sheet.\u00a0<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Raise a glass to Satoshi\u2019s Place: the challenge of running Bitcoin businesses<\/em><\/strong><\/p>\n<p>Elsewhere, Strike, a Bitcoin Lightning company headed by Jack Mallers, raised $80 million to \u201crevolutionize payments\u201d for merchants. Mallers and Strike spearheaded El Salvador\u2019s Bitcoin adoption plans in 2021. <\/p>\n<p>For Nourou, who&#8217;s hosting Dakar Bitcoin Days in December, the first major Bitcoin conference in Senegal, the 5,000 BTC milestone is monumental:\u00a0 &#8220;An increase in BTCs blocked in the network and the number of channels opened in parallel is a further step towards the democratization of Bitcoin transactions in the world.&#8221;<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-lightning-network-capacity-strikes-5-000-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin Lightning Network capacity strikes 5,000 BTC &#8220; Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish. The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In&#8230;<\/p>\n","protected":false},"author":1,"featured_media":497941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvOTE3YTlkYTctMDY1My00Yjc0LTg4ZTUtNDBjZTNlY2Q5ODhjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75029,74892,74355,87110,4965],"class_list":["post-497940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-lightning-network","tag-tokens","tag-adoption","tag-lightning","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=497940"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/497941"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=497940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=497940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=497940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}