Unwithered through the ongoing bear market, Bitcoin’s (BTC) underlying architecture is constantly on the outshine itself — further securing, decentralizing and accelerating the impenetrable peer-to-peer (P2P) network. This goes true for the Bitcoin Lightning Network (LN).
The Bitcoin Lightning Network capacity achieved an exciting-time a lot of 3915.776 BTC, as evidenced by data from Bitcoin Visuals, displaying dedication to the reason for improving BTC transaction speeds and reducing charges within the layer-2 protocol.
The Bitcoin LN was initially implemented in to the Bitcoin mainnet in 2018 to deal with Bitcoin’s infamous scalability issues and it has since had the ability to maintain an upward trajectory when it comes to expanding its capacity.
The climb, however, saw a brief disruption on April 18, once the LN capacity came by 7.7% — from 3687.051 to 3402.273 BTC within per week. Showcasing network resilience, the drop was supported with a quick recovery to 3718.351 BTC by May 2.
Furthermore, statistics data from 1ml shows that other facets of the Bitcoin Lightning Network keep growing parallel to Bitcoin’s global adoption drive.
A Redditor’s data-driven conjecture shows a significant disruption which will begin to see the crypto industry escape from bridging between L1 blockchains toward L2s. As described through the OP:
“L2 adoption is going on now, even if it’s slow as well as in bursts. Behind the curtain, L2’s are improving reliability, decreasing charges, and growing ease of access. L2’s continue to be building and improving, and that’s fantastic.”
As Cointelegraph formerly reported, L2 scaling solutions make the most of L1’s security and process multiple transactions right into a single package.