Bitcoin nodes have grown dramatically in recent months thanks to the Lightning Network, a layer-2 solution for Bitcoin scalability. Since February 2021, the Bitcoin Lightning Network has grown by 105 percent, from 7702 nodes to over 15,000 nodes.
As a result, the transaction capacity of Bitcoin grew from 1,125 BTC to around 3,000 BTC. In fact, it has increased by 160 percent since September 30, 2021. Furthermore, there was a 92 percent growth in the number of payment channels, with a total of more than 73,000 compared to the initial 38,000.
LQwD FinTech offered a company summary that covered important developments since Interlapse’s (now rebranded as LQwD) acquisition of LQwD in June 2021. The network’s effectiveness spurred the corporation to expand its operations.
Shone Anstey, CEO of LQwD, commented,
The incredible expansion of the Lightning Network has given LQwD cause to be hyper-focused on Lightning, and I look forward to expanding our business on this quickly increasing global payment network.
Furthermore, as the value and popularity of Bitcoin continue to rise, more individuals, organizations, and businesses are looking for dedicated services to assist them in making purchases and transactions utilizing the cryptocurrency. LQwD anticipates that this trend will continue, transforming the Lightning Network into the global monetary exchange of the future.
LQwD Fintech, a Bitcoin Lightning Network firm, focuses on the creation and implementation of institutional-grade payment infrastructure solutions. More notably, it established the first publicly traded Lightning Network company.