Despite the recent spotlight on Bitcoin, Lightning Network, its Layer 2 alternative, is progressing. Taking a look at a few of its most important measures reveals its tremendous development and future potential.Read Bitcoin [BTC] Price Prediction 2023-24 The total quantity of Bitcoin that can be exchanged across the network at any given time is referred to as the Bitcoin Lightning Network capacity.
The quantity of Bitcoin locked in each payment channel and the number of channels created on the Network determine its capacity.
The capacity of a payment channel is the sum of the Bitcoin deposits made by both parties when the channel is created. Source: Glassnode On glassnode, the Lightning Network Capacity chart showed that there had been a noticeable upward trend over time.
The fact that it reached its peak every year was another thing that could be seen. The network’s capacity had reached 5,200 as of this writing and was still rising.Read more on ambcrypto.com