• The Lightning Network provides instant payment transfers/settlement times, scalability, low costs/fees, and works across blockchain with the same cryptographic hash function
• The Network’s capacity grew from 1,089 BTC to 3,479 BTC in 12 months
• LQwD’s active public nodes on the Lightning Network include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. and collectively have a value of 10.21604901 BTC (US$429,153.33) and 183 active channels

In early October 2021, the research division for Arcane Crypto released their predictions on the advancement of the Lightning Network — hypothesizing that by 2030, the number of users could cross the threshold of 700 million worldwide (https://ccw.fm/Tkb7R). The foundation of their research is the consistent growth of the network since 2020, with a wallet payment volume that increased by approximately 20% month-over-month during 2021. They also believe that remittance, gaming and streaming use cases will help realize these numbers in the future.

The Lightning Network is a “layer 2” payment protocol layered on a blockchain-based cryptocurrency. The Network is decentralized and uses smart contract functionality to enable payments across the…

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