Trading? Mining? Using Lightning Network Also Becomes Profitable

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

Tue, 14/08/2018 - 15:43

Trading? Mining? Using Lightning Network Also Becomes Profitable

Cover image via U.Today

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.

#Bitcoin

About the author

Alex Dovbnya

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, can be contacted at alex.dovbnya@u.today.