How does this work exactly? I'm still a complete noob when it comes to lightning network.
Do you have to set up your own node for this or can you also 'invest' in someone else's node?
Topic: Lightning Network: 1% Daily Compounded Growth - page 2. (Read 515 times)
so far it is mostly enthusiasts that are running lightning nodes because it is still hard to do it in my opinion and there aren't that many places that accept LN payments. but the best thing about this kind of growth is that the more users use different LN clients the faster the bugs are found and fixed so that we can get closer to real usages of it in places like exchanges for example.
Yeah, it's only a matter of time before this protocol is streamlined and used by exchanges. Lots of progress is being made, but given the complexity of the project, there's still plenty of work to do. The growth of the network is still important to look at.
No matter how small or big the development, it is still some form of development and advancement which is why I am happy regarding this development related to the LN. I don't host a LN node myself, but I am planning on doing so in the near future in order to help find more bugs and push it towards full scale adoption.
most of the balance is from bitrefill and LNBig giving out loads of free inbound balance
https://twitter.com/lnbig_com/status/1105801755265241094
https://twitter.com/lnbig_com/status/1112688601429614593
(~750 of 1000btc is related to LNBig)
https://twitter.com/lnbig_com/status/1105801755265241094
https://twitter.com/lnbig_com/status/1112688601429614593
(~750 of 1000btc is related to LNBig)
so far it is mostly enthusiasts that are running lightning nodes because it is still hard to do it in my opinion and there aren't that many places that accept LN payments. but the best thing about this kind of growth is that the more users use different LN clients the faster the bugs are found and fixed so that we can get closer to real usages of it in places like exchanges for example.
Yeah since lightening network is a new development and at that it need users to discover the problem and fix it before the full adoption of the Lightening network, I received payment through lightning network some few days back and it took me almost 4 hours before I could send the found to my on-chain wallet as lightening network cones with it own wallet such as eclair and the rest. 
so far it is mostly enthusiasts that are running lightning nodes because it is still hard to do it in my opinion and there aren't that many places that accept LN payments. but the best thing about this kind of growth is that the more users use different LN clients the faster the bugs are found and fixed so that we can get closer to real usages of it in places like exchanges for example.
From Lightning Network developer Alex Bosworth: https://twitter.com/alexbosworth/status/1115647838531100673
"In May of last year, there was about $150k+ of funds committed on LN. Almost a year later that figure is up to $5600k+. That's 1% compounding daily growth on the dot. We haven't even started linking up exchanges yet, haven't got chain-wallets off the sidelines. 1% daily growth"
"In May of last year, there was about $150k+ of funds committed on LN. Almost a year later that figure is up to $5600k+. That's 1% compounding daily growth on the dot. We haven't even started linking up exchanges yet, haven't got chain-wallets off the sidelines. 1% daily growth"
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