Lightning Network Will Finally Help BITCOIN Beat CREDIT CARDS

The number of nodes in the Lightning Network (LN) is close to 2,000, and as the cost decreases, the technology is increasingly well received by users.
image via best-5.com

A screenshot of the Lightning Network Bitcoin main network at the time of this press release shows that there are 1,997 accessible nodes (the actual number may be much higher), 6614 open channels, and more than $150,000 in transaction processing.

Coupled with countless customization tools and add-ons beyond its ecosystem, Lightning Networks has won wide acclaim from many players including Microsoft. Although the user interface still needs improvement, the technology has made significant progress in the last five months.

Christian Decker, a software developer at blockchain technology company Blockstream, recently stated at the New York Consensus Conference that Bitcoin can outnumber other encryptions because it has a sufficient number of Lightning Network payment channels and can process approximately 500 transactions per second per channel. Currency and Visa’s trading capacity.

With the continuous improvement of technology level, Bitcoin Lightning Network has become increasingly popular in news headlines and social networks. On social media, Alex Bosworth, the founder of the website Yalls.org, uploaded screenshots of some data to prove that Lightning Networks can match credit cards on transactions.
image via riyaz.net

Alex Bosworth wrote that the credit card service fee is 2.9%, the fee is $0.30, and the minimum is $0.50, which is in stark contrast to lightning. The Lightning Network can actually be used free of charge and can handle transactions less than 1 Satoshi (bitcoin minimum unit Satoshi Satoshi, 1 Satoshi=0.00000001 Bitcoin).image via http://bitcoinist.com

Elizabeth Stark, co-founder, and CEO of Lightning Network Labs said in an interview with Yahoo Finance recently:

“Now, I feel like we’ve entered into a ‘Bitcoin, not blockchain’ world, where people understand the value of cryptocurrency technology and what these can bring.”

Marko Vidrih

@cryptomarks