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Lightning Network Reaches Its Peak Capacity in April

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Tue, 04/23/2019 - 08:22
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The Lightning Network (LN), a second-layer protocol that poses as a scaling solution for Bitcoin, has reached its maximum capacity this April. On Apr. 21, Bitcoin mainnet Lightning had support for $5.63 mln, according to bitcoinvisuals.com.  

Must Read
Lightning Network Quadruples in Size Despite Less Need for it - READ MORE

The Lightning Loop effect

This month turned out to be historic for the LN since it’s the first time when it crossed the $5 mln mark on Apr. 2. Notably, that followed Bitcoin’s rapid price surge that took place on the same day. The network reached its current peak of $5.68 mln on Apr. 10. According to the data provided by 1ml.com, the number of active channels is 38,246 at the time of writing this article.  

The aforementioned progress is inextricably linked to the release of a new protocol called Lightning Loop that is designed to enhance the usability of the LN.    

Must Read
Bitcoin Cash Splits Up with Lightning Labs to Release Crypto Wallet with Extra Level of Privacy - READ MORE

Light up the torch!  

It is also worth mentioning that such a huge increase in the capacity of the LN comes after the Lightning Torch experiment that was supposed to raise awareness about Bitcoin’s scaling solution. The famous holders of the Torch include Twitter CEO Jack Dorsey, who is known as a huge Bitcoin proponent.

As reported by U.Today, Twitter user ‘Hodlonaut’, who started the campaign, was engulfed in a legal battle with Bitcoin SV creator Dr. Craig S. Wright.
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Gamblers Are Driving Force Behind dApps Growth: 2019 H1 DappReview Report         

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Sun, 07/14/2019 - 15:00
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Sponsored by Celsius.Network
  • It appears that many cryptocurrency enthusiasts are willing to roll the dice

Cover image via U.Today
Contents

The recently published report by DappReview encompasses everything related to the growth of decentralized applications (dApps) in the first half of 2019. When it comes to the most popular category of dApps, gambling ones appear to be in the lead by a big margin.

Upping the ante

The “Casino” category has the biggest chunk of the pie with 606 newly created dApps. For comparison, there are only 398 gaming dApps, which occupy second spot. “High-risk” dApps are trailing behind the gaming ones with 358 newly created apps.  

DappReview explains that the main reason behind their popularity is that they are relatively cheap and easy to create, but, nonetheless, they generate great returns for their developers. 

On top of that, there doesn’t seem to be a shortage of risk-loving crypto enthusiasts. 

dApps are doing just fine

Overall, the report points out that rapid growth has become a new trend in the dApps department. More than 1,114 dApps have been already created this year. Tron boasts the biggest amount of newly created dApps while Ethereum and EOS come in second and third places respectively.

Notably, only one percent of users tried more than ten dApps, but they are responsible for the lion’s share of the total transactions on each of the aforementioned networks.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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