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Bitcoin Fees Rise to Discount-Cancelling Levels as Lightning Network Use Remains Low

Discussion in 'Articles/News' started by Mark Mason, Jun 28, 2019.

  1. Mark Mason

    Mark Mason Well-known Member

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    Bitcoin Fees Rise to Discount-Cancelling Levels as Lightning Network Use Remains Low

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    Bitcoin’s fees continue to rise as Lightning network relief remains elusive.

    The Lightning network, Bitcoin’s prime off-chain scaling solution, has yet to gain significant enough traction and usability to provide significant relief to the network’s congestion issues. According to data from BitcoinVisuals, across nearly every metric from nodes, channels, capacity, capacity per channel, channels per node, and capacity per node, peak metrics were achieved around mid-March of this year, with a slow but steady decline since. Cryptocurrency YouTuber Omar Bham noted on Twitter that based on recent experiences the network is not yet ready for mass use, as its user experience is still lacking.

    Read more - https://dashnews.org/bitcoin-fees-r...-levels-as-lightning-network-use-remains-low/