Bitcoin Scaling: Lightning Network Capacity Hits New All-Time High
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Bitcoin’s Lightning Network capacity has officially hit a new all-time high, boosting the scaling capacity of Bitcoin. Lightning Network is a layer-2 scaling solution designed to make BTC transactions faster and cheaper. Bitcoin price plummeted to the demand zone between $19,000 to $20,500, in the recent crash. Bitcoin trend reversal could push BTC to the $25,000 level. By the end of June 2022, the capacity of the Bitcoin scaling network hit 3,962 BTC. The total fees paid for Bitcoin transactions have declined over the past month, with the rapid adoption of the Lightning Network. In related news, the Perth Heat is set to integrate Bitcoin's Lightning Network into its operations in the baseball stadium Empire Ballpark. Source