Trading? Mining? Using Lightning Network Also Becomes Profitable

  • Alex Dovbnya
    📰 News

    Lighting Network comes up with fees to incentivize users and increase the liquidity

Trading? Mining? Using Lightning Network Also Becomes Profitable

The rapidly growing Bitcoin's Lightning Network, which is known for its high-speed transactions, can now bring you money…but very little (a lightning developer Alex Bosworth earns only $2 per month). From now on, users who choose to run a node on their computer can earn through a system of fees. 

While the majority of nodes are still managed by pure enthusiasts who do not charge anything, giving an ability to earn Satoshis for providing routing would give a good incentive for maintaining the network. Bosworth predicts that LN fees will still remain minuscule in the future, so lightning payments would remain cheaper than traditional transactions.

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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