NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Lightning Network Continues To Thrive Amid Crypto Downturn

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto downturn may have continued to ravage this industry’s startups, with an exchange even deciding to shutter all operations, but one facet of this nascent sector has continued to swell. For those who missed the memo, this facet is the Lightning Network, an off-chain system that facilitates instant, low-cost, scalable Bitcoin transactions.

Related Reading: Bitcoin Lightning Network Booms Amid “Crypto Winter”

Lightning Network Capacity Surmounts 600 BTC

Per data gathered by 1ML, the Lightning Network has surmounted a capacity of 600 BTC, just weeks after it breached the 500 BTC milestone. As of the time of writing, the scaling system can facilitate upwards of 628 BTC, $2.18 million, at maximum capacity.

While some skeptics, like Ethereum’s Eric Conner, took to Twitter to critique the seemingly low levels of Lighting adoption, many say that the lackluster capacity figures are for good reason. Moreover, seeing that Lightning has worked (and quite well at that), some see skepticism towards the Bitcoin protocol as warrantless.

In response to Conner’s quip about Lightning, in which he stated that 2,000,000 Ether (~$200 million) is locked in decentralized finance protocols, Elizabeth Stark of Lightning Labs noted that the scaling system is still in beta, adding that certain channels are intentionally-limited to facilitate a low sum of BTC. Udi Wertheimer, a leading cryptocurrency programmer, explained that the anti-Lightning comment is “idiotic,” noting that Conner’s use of “stupid metrics” is unjustified.

Bitcoin Trust Chain Sparks Positive Community Response

The Lightning Network’s swelling capacity hasn’t been the only industry occurrence that has Bitcoin’s biggest fans buzzing.

One week back, Hodlonaut, a Lighting Network crusader and self-proclaimed “HODLer,” took to his Twitter page to start an interesting community-run initiative. In a tweet that has since garnered traction, the Bitcoin enthusiast noted that he wanted Lighting-friendly users to start a chain, whereas participants would send marginally more BTC with each so-called “hop” on the scaling solution.

While the initiative wasn’t originally named, it became known as the Trust Chain as some of the crypto space’s most prominent influencers threw their hat in on the matter. Participants included Anthony “Pomp” Pompliano, the founder of Morgan Creek Digital Assets, Klaus Lovgreen, and John Carvalho of Bitrefill.

Marty Bent, a long-time Bitcoin-centric content creator, recently commented on the Lightning Network’s potential in a recent tweet. Speaking on his participation in the Trust Chain event, which has now facilitated 1.6 BTC in transactions from 122 participants, Bent remarked that he was sent $90 in cryptocurrency “instantly, with basically no-fee, no intermediary, and no chance of being censored.

Crazy to think that someone from Singapore just sent me $90 (2.6M sats) instantly, with basically no-fee, no intermediary, and no chance of being censored.

Bitcoin is inevitable. Most of the world doesn't realize this. You have an edge if you do. https://t.co/fyp4jz5bQv

— Marty Bent (@MartyBent) February 2, 2019

And with this in mind, Bent briefly touched on Bitcoin’s long-term potential, noting that the network’s rise to power, as it were, is inevitable. The recent Trust Chain torch holder’s comment comes just weeks after Travis Kling, the head of Ikigai, also remarked that there is an inevitability to Bitcoin. The Trust Chain seems to still be running hot, but who will take the helm next?

Bitfury Group, a leading industry upstart, recently unveiled products and ventures that could bolster Lightning’s adoption in the weeks to come. In an announcement covered by NewsBTC, Bitfury revealed that it will begin pushing an open-source LN wallet, a hardware terminal, an e-commerce integration for merchants, and a suite of developer tools to build on the scaling system.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

crypto ethereum bitcoin eth ethusd btc btcusd

Spot Crypto Trading Gets Major Green Light From US Regulators

In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have...

James Halver 3 hours ago
Ethereum

Ethereum Network Activity Surges As Daily Transactions Reach 12-Month Peak — Details

Ethereum’s on-chain activity has reached a new milestone and recorded 1.8 million daily transactions. This unprecedented level of network usage...

Godspower Owie 4 hours ago
Cardano

Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why

Cardano’s founder, Charles Hoskinson, has clarified why the blockchain platform was excluded from a prominent US government initiative meant to...

Scott Matherson 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Recovery Underway

Bitcoin Price Recovery Underway – But Momentum Tells a Different Story?

Aayush Jindal 7 minutes ago
American Bitcoin

ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading

Ronaldo Marquez 20 minutes ago
Ethereum price prediction Tom Lee news

Ethereum Skyrocket Math: Tom Lee Charts Path To $62,500

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    4 hours ago
  • イーサリアム...

    5 hours ago
  • ビットコイン...

    5 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    5 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    5 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.