Lightning Network Takes Off 2018-05-05 ๐ A Second Layer for the Internet of Value! ๐ฐ
Dear Steemit friends,
i reported on April 17th. about current usage of Testnet and also Mainnet des Lightning Network. Today i'll give a update and compare with past numbers:
Testnet Usage
| Date | Number Nodes | Number Channels | Increase Nodes % | Increase Channels % |
|---|---|---|---|---|
| 1/12/2018 | 660 | 2163 | - | - |
| 2/11/2018 | 1811 | 5693 | +174% | +163% |
| 3/04/2018 | 1870 | 5042 | +3% | -11% |
| 3/28/2018 | 1432 | 3286 | -23% | -35% |
| 4/17/2018 | 834 | 2214 | -42% | -33% |
| 5/5/2018 | 889 | 2367 | +6% | +6% |
Surprisingly the numbers for nodes and channels are increasing on Testnet for the last 20 days. That means interest for usage of the Testnet is increasing instead of decreasing the 60 days before. But i don't care because the usage of the Mainnet is much more important.. you'll see below in this article:
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Mainnet Usage - what really counts!
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The number of channels is further increasing. But the number above (7519 channels) is different or higher compared to lnmainnet.gaben.win. The old ideoflux-site is down and contained also the number of nodes. But the trend for both is clearly up! The Mainnet usage is increasing, maybe we see a shift of convinced Testnet users to the Mainnet which would be a good sign. Let's look at the pure numbers:
| Date | Number Nodes | Number Channels | Increase Nodes % | Increase Channels % | BTC Value |
|---|---|---|---|---|---|
| 1/24/2018 | 328 | 854 | - | - | - |
| 2/11/2018 | 633 | 1819 | +93% | +130% | - |
| 3/04/2018 | 945 | 2121 | +49% | +17% | 4.52 |
| 3/28/2018 | 1160 | 2605 | +23% | +23% | 6.74 |
| 4/17/2018 | 1604 | 5136 | +38% | +97% | 14.03 |
| 5/5/2018 | 1882 | 5864 | +17% | +14% | 17.47 |
The following chart visualizes the slower development of new nodes:
If we look for the channels, the number is increasing too with slower pace:
We see slower growth in comparison to the prior time frame. There is no viral network effect currently maybe some uncertainty because we see more people in testnet? It progesses forward at least. To get the right perspective the number of nodes increased by factor nearly 6x and the number of channels by factor nearly 7x!
Now i added another column for the Bitcoin value because now it becomes more relevant for monetary usage. Currently there a 17.47 BTC of value on the mainnet. That is still tiny looking at the whole crypto market but already $170,000 worth of USD and the question is what happens if some bigger company is adopting the Lightning Network?
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Just to get a better sense following the node network picture from February 11th 2018:
The growth of the Lightning Network quite clear!
Recent News!
Vaultoro - Crypto to physical Gold exchange uses Lightning Network
The CEO Joshua Scigala stated that the customers can make purchases a magnitude of orders faster with their mobile phones.
Twin Turbos to the Bitcoin?
The following article claims that Lightning Network create monster gains in the future if globally adopted.
Development with Speed of Light?
Blockstream working hard on a new proposal called eltoo for soft fork.
Overall we see progress forward, 2 steps forward, 1 step back, 2 steps forward,..
What do you think of the increased usage of Testnet?
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Exciting times ahead steemit friends!
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I am bullish on bitcoin and the lightning network. i hope the LN apps will get more easy to use in the mainnet.
I think we'll see much more til end of this year and beyond. Thank you!
The expanse of the lightning network, as you show it is amazing. I considered the concept a bit unpractical but of course actual adaption is what counts, and apparently this goes into the right direction.
I'm confident that Lightning Network with it's broad standardization works will survive and thrive. But that's just my opinion.
its rapidly taking up shape from previously lets see where it will head towards
very exciting times for me, there is always volatility but long term i see just upward trend. Thanks!
Great to see your post after a long time and thanks for updating on the lightening network :)
Yes, you'd noticed it immediately, business is always demanding time.. but LN deserves it to be visualized ๐๐ Thanks
Sounds really good for LN the demand will sure increase in the coming days.
Thanks for the update buddy.
I'm curious about the adoption in 2018 and beyond. Maybe it progresses like before or we see some striking news nobody expects.. Thanks for reading!
Yes it sure would be nice, let's hope for the best.
Interessing post about the amazing lighning project , it will help bitcoin to skyrocket again :)
bitcoin cash lovers dont like it so much:)
Hehe, the controversy between the two parties will not stop.. claiming to be the true Bitcoin and always talking down BTC is not the best strategy in my opinion for Rick Falkwinge.. but we'll see what happens. Thank you!
Wonderful post ..thanks for sharing...Best of luck friend โซ resteemid
Thank you for your support!
thi sis a great informations @onetin84
resteem
Thanks u for sharing a good information, good luck my friend @onetin84 ๐๐๐
great information. thanks for @onetin84