Bitcoin Lightning Network Report The Bitcoin Lightning Network is a decentralized system that enables fast and low-cost transactions on the Bitcoin blockchain. As of the latest update, the network consists of: * 16879 nodes, which are the backbone of the network, providing connectivity and routing for transactions * 44116 channels, which are the payment channels that allow for instant transactions between nodes * The average capacity of each channel is 0.1174 BTC, which is equivalent to approximately $12442 USD * The total capacity of the network is 5181.2483 BTC, which translates to around $547 million USD This data indicates a growing and expanding network, with a significant increase in the number of nodes and channels. The average capacity of each channel is relatively small, but the total capacity of the network is substantial, demonstrating the potential for large-scale transactions. Images/ Links: None #bitcoin #lightningnetwork #cryptocurrency #blockchain #bitcoinprice #lightning #btc #fintech