P01 notes session 10.10.23
Report: The Lightning Network grew by 1212% in 2 years by River (npub1xke…d0en)
--
The number of users, transactions and volume on lightning have been accelerating significantly over the past years
6.6 million routed Lightning txs in August 2023 (lower bound estimate)
1212% growth since the 503k tx estimate for August 2021
This growth was despite a 44% bitcoin price drop and 45% decrease in search interest
Avg Lightning tx size of 45k sats ($11.84) in Aug 2023
Lightning is extending Bitcoins utility by enabling low value payments over the internet
Est. ratio of 1:8 non-custodial to custodial Lightning users
173 companies in the Lightning industry across 28 categories
Lightning enables millions of people to trustlessly and instantly move money back and forth without having to settle each tx on the Bitcoin blockchain
It has been 7 years since the Lightning Network Whitepaper was published
There is no way to identify all private nodes on the Lightning network
An estimated 70-80% of Bitcoin users have their funds on exchanges today
21min
Pgs 1-10
Finney21
npub1ks…fpkex
2023-10-10 17:01:18
Author Public Key
npub1ks2lwal5ewlzpsgvtsc82kteszpyvnjcnfypmzepw5kd3pvaxtaq9fpkexPublished at
2023-10-10 17:01:18Event JSON
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"pubkey": "b415f777f4cbbe20c10c5c307559798082464e589a481d8b21752cd8859d32fa",
"created_at": 1696957278,
"kind": 1,
"tags": [
[
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],
"content": "P01 notes session 10.10.23\n\nReport: The Lightning Network grew by 1212% in 2 years by nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en \n--\nThe number of users, transactions and volume on lightning have been accelerating significantly over the past years\n\n6.6 million routed Lightning txs in August 2023 (lower bound estimate)\n\n1212% growth since the 503k tx estimate for August 2021\n\nThis growth was despite a 44% bitcoin price drop and 45% decrease in search interest\n\nAvg Lightning tx size of 45k sats ($11.84) in Aug 2023\n\nLightning is extending Bitcoins utility by enabling low value payments over the internet\n\nEst. ratio of 1:8 non-custodial to custodial Lightning users\n\n173 companies in the Lightning industry across 28 categories\n\nLightning enables millions of people to trustlessly and instantly move money back and forth without having to settle each tx on the Bitcoin blockchain\n\nIt has been 7 years since the Lightning Network Whitepaper was published\n\nThere is no way to identify all private nodes on the Lightning network\n\nAn estimated 70-80% of Bitcoin users have their funds on exchanges today\n\n21min\nPgs 1-10",
"sig": "e9ea3d15feadcef4642586ce97bb68b2f4cce1c24463fe6e3da0d4ab66b006126c55c13e977a3a2bed811666ba4a3fa6291d2c6add21bba83eff8988d1787caa"
}