The Lightning Network's Global Expansion
06 February 2019 - 4:00AM
ADVFN Crypto NewsWire
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
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