Arcane Research publishes detailed report on the health of Bitcoin’s Lightning network

On Wednesday (October 6th), Arcane Research, the research division of the European crypto-focused investment firm Arcane Crypto, gave an interesting comprehensive overview of the Bitcoin Lightning Network in their latest report (sponsored by the Bitcoin payment processor OpenNode).

According to the Arcane Crypto press release, Bendik Norheim Schei, the head of Arcane Research, made this comment:

This was definitely the most exciting report we’ve written since Arcane Research was founded two years ago. The team has spoken with founders and developers around the world, gathering information and data to understand the exponential growth we are currently seeing on the Lightning Network. We’re just getting started, but we’re finally seeing real adoption and growth after several years of testing and developer-driven growth. They have given way to current adoption and made Bitcoin an instant, cheap, and accessible medium of exchange around the world. “

Elizabeth Stark, CEO of Lightning Labs, said:

“Arcane’s ‘The State of Lightning’ highlights how the Lightning community has made Bitcoin more accessible to people around the world. We’re just reaching a turning point, but we’re still at the very beginning of the curve. We believe in solving real problems for real people and we are about to bring Bitcoin billions with Lightning. In other words, the number of people is increasing. “

And João Almeida, CTO and Co-Founder of OpenNode, said:

“We are excited about the growth the Lightning Network has shown over the past few months and are proud to support high quality Bitcoin and Lightning research reports from Arcane Research. The Lightning Network attendees see the network effects that have helped Bitcoin growth and are well placed to pull their data together to qualify and quantify progress. With the scalability of Lightning and the regulatory clarity of Bitcoin as an asset, Bitcoin is clearly becoming the best way to hold and transfer value. Going forward, we see LN payment adoption accelerate, driven by the advent of bitcoin and a growing global bitcoin economy. “

Disclaimer of liability

The views and opinions of the author or the persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.

Photo credit

Image by “FelixMittermeier” via Pixabay

Comments are closed.