Chainalysis to offer compliance solution for Lightning Network transactions
Adoption of the Lightning Network, which launched in 2018, has risen at a comparatively faster pace in 2021. Lightning Network introduces greater scalability to the Bitcoin ecosystem, ergo, enabling more commerce-based use cases. Not so surprisingly, the number of nodes on the network grew by 68% last year, according to data by Bitcoin Visuals.
The amount of Bitcoin locked in the Lightning Network has grown significantly throughout 2021. As of 1 December 2021, around 3,600 BTC worth over $205 million is locked in public Lightning Network channels. Up from 468 BTC worth roughly $4.8 million on 1 January 2021.
The number of open lightning channels has also increased substantially over time. The graph below highlights the sheer popularity of the
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