The Lightning Network's Global Expansion

Date : 02/05/2019 @ 5:00PM
Source :ADVFN Crypto NewsWire
Stock : Bitcoin (BTCUSD)
Quote : 4100.26000000  152.69000000 (3.87%) @ 7:53PM
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The Lightning Network's Global Expansion


 

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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