Bitcoin Lightning Network Now Has More Nodes than Bitcoin Cash
April 02 2018 - 10:54AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
April 02, 2018 -- ADVFN Crypto NewsWire -- The Bitcoin Lightning
Network has taken the lead over Bitcoin Cash (BCH) when it comes to
total number of network nodes. The development supports the
contention that the Lightning Network is the Bitcoin scaling
solution that could make Bitcoin Cash meaningless.
There are now more than 1,400 nodes on Lightning Labs
implementation of the Lightning Network protocol (up from 29 in
mid-January), compared with around 1,300 Bitcoin Cash nodes.
Node count is a measure of network decentralization. Bitcoin
Cash’s mining power is centralized in China with a large portion of
BCH nodes hosted on ‘Hangzhou Alibaba’ servers located in
Hangzhou.
The main purpose of the Lightning Network is to address
scalability, providing a much higher transaction throughput with
reduced fees through payment channels. Bitcoin’s current throughput
and fees situation is dire.
The Lightning Network still has a ways to go before it is ready
for prime time. Contrary to its “beta” status, the network still
functions as a product in its “alpha” stage, considering that it
may be vulnerable to DoS attacks and that we're talking about
money.
In mid-March, Lightning Labs secured $2.5 million investment
from Twitter CEO Jack Dorsey and Litecoin founder Charlie Lee.
By: BGN Editorial Staff
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