LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering Network Tripled Capacity in 2021
Date
3/24/2022 11:21:53 PM
(MENAFN- Investor Brand Network)
- The Lightning Network provides instant payment transfers/settlement times, scalability, low costs/fees, and works across blockchain with the same cryptographic hash function
- The Network's capacity grew from 1,089 BTC to 3,479 BTC in 12 months
- LQwD's active public nodes on the Lightning Network include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. and collectively have a value of 10.21604901 BTC (US$429,153.33) and 183 active channels
In early October 2021, the research division for Arcane crypto released their predictions on the advancement of the Lightning Network — hypothesizing that by 2030, the number of users could cross the threshold of 700 million worldwide ( ). The foundation of their research is the consistent growth of the network since 2020, with a wallet payment volume that increased by approximately 20% month-over-month during 2021. They also believe that remittance, gaming and streaming use cases will help realize these numbers in the future.
The Lightning Network is a“layer 2” payment protocol layered on a blockchain-based cryptocurrency. The Network is decentralized and uses smart contract functionality to enable payments across the…
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