The Lightning Network's Global Expansion

Date : 06/02/2019 @ 04:00
Source :ADVFN Crypto NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 8076.67000000  811.57000000 (11.17%) @ 21:38
Bitcoin share price Chart

The Lightning Network's Global Expansion


 

Bitcoin Global News (BGN)

February 05, 2019 -- ADVFN Crypto NewsWire -- The Lightning Network continues to grow across the globe, so why isn’t it the number one topic across the cryptosphere? Why aren’t we, as a Blockchain industry, taking it just as seriously as topics related to regulation?

In an article today, CoinDesk seemed to compare the recent growth of the Lightning Network to the rapid lighting of a group of torches across a wide landscape, which in this case is the world. With the true statistics of the network’s growth in mind, however, the reality seems to indicate something different.

In short, the key reason why the growth of the Lightning Network seems to have been put on the proverbial media back burner is that its’ growth has actually been consistently quite slow. According to the same article mentioned above, while the LN is currently represented in 37 countries, its’ active, regular network nodes only number around 139.

With this under consideration, we have not only yet another example of how quickly media cycles can turn in a new industry, but also how important “doing your own research” is. On a technical level, the Lightning Network seems to be a sound technical solution and yet due to its’ slow growth, something is clearly missing.

Perhaps what it needs to truly take off is expert marketing including community education initiatives to spread the word about why it is important for the future of cryptocurrencies. In other words, why does the Lightning Network matter to Bitcoin? Why does it matter at all? To even begin to go down such a road, however, we will have to band together as an industry to decide if we all support it or not. Until that time, it is logical to conclude that its’ future will remain somewhat up in the air.

 

 

By: BGN Editorial Staff

Bitcoin (COIN:BTCUSD)
Historical Stock Chart

1 Year : From May 2018 to May 2019

Click Here for more Bitcoin Charts.

Bitcoin (COIN:BTCUSD)
Intraday Stock Chart

Today : Sunday 19 May 2019

Click Here for more Bitcoin Charts.
Your Recent History
FX
EURAUD
Euro vs Au..
FX
USDAUD
US Dollar ..
ASX
WPL
Woodside
NASDAQ
AAPL
Apple
ASX
BHP
BHP Bilito..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:au D:20190519 11:38:15