Lightning Network Proves To Be Highly Active, With More Nodes Than XRP, LTC And EOS Combined

Lightning Network Proves To Be Highly Active, With More Nodes Than XRP, Litecoin, And EOS Combined The purpose of the Lightning Network is to improve the scalability of Bitcoin, reducing the fees for transactions and increasing their speed. LongHash has reported on the growth of Bitcoin recently, which is especially important when considering that the mainnet launch of the network was only last year. Presently, based on the data collected by LongHash, it appears that the Lightning Network has more active nodes than the combined nodes of several popular cryptocurrencies. With no intermediaries, decentralized currencies leverage a distributed network of devices. Active nodes are used for multiple purposes, like eliminating double spending, keeping the integrity of the network, and sending data. According to information from 1ML, the Lightning Network is home to over 3,800 nodes with active channels, but 7,284 nodes total. A year ago, the nodes in operation were only about 615,