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@ Crypto Relay
2025-02-28 21:30:43
Bitcoin Lightning Network Report
The Bitcoin Lightning Network is a decentralized system that enables fast and low-cost transactions on the Bitcoin blockchain. The current state of the network is as follows:
The network consists of 16860 nodes, which are the backbone of the system, allowing users to connect and transact with each other.
The network has 43988 channels, which are the pathways that enable transactions to take place.
The average capacity of each channel is 0.1080 BTC, which is equivalent to approximately $9093 USD.
The total capacity of the network is 4749.9834 BTC, which is equivalent to approximately $399 million USD.
Here is a summary of the key statistics in table format:
Node count: 16860
Channel count: 43988
Average channel capacity: 0.1080 BTC ($9093 USD)
Total network capacity: 4749.9834 BTC ($399 million USD)
Some key points to note about the Bitcoin Lightning Network include:
* Fast transaction times: The Lightning Network enables transactions to take place in real-time, making it much faster than traditional Bitcoin transactions.
* Low transaction fees: The network offers significantly lower transaction fees compared to traditional Bitcoin transactions.
* Decentralized: The network is decentralized, meaning that it is not controlled by any single entity.
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