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Author Topic: Lightning network stats: 111 BTC • 3.5K nodes • 12.0K channels  (Read 1696 times)
arde13
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July 23, 2018, 08:29:00 PM
Last edit: September 19, 2018, 08:59:53 AM by arde13
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 #1

Lightning network's mainnet has reached 100 BTC capacity on Jul 21!

According to Lightning Network Info mainnet has reached (the latest up-to-date information):

111.85 BTC capacity ($709,365.01)
3,509 nodes
12,066 channels

Countdown to 1 million active channels: 987,934

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arde13
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July 23, 2018, 09:36:39 PM
 #2

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

111.33 BTC capacity ($860,255.59)
2,874 nodes
10,227 channels

2,169 public nodes
2,068 nodes with active channels
396 channels opened in 24h
322 channels closed in 24h

0.011 BTC average channel capacity ($84.10)
0.054 BTC average node capacity ($415.88)
9.89 average channels per node

Countdown to 1 million active channels: 989,773
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July 23, 2018, 10:59:02 PM
 #3

I am impressed that the Lightning Network's capacity has been surging for the past few days. However, two nodes are controlling more than 50% of the funds available on the LN which some people consider as a serious danger. The number of channels doesn't matter if there aren't many connections between them. Users expect to open one channel and use it for the whole time without having to connect to another node.

Numbers don't matter, the usability of the network does.

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July 23, 2018, 11:08:38 PM
Last edit: July 23, 2018, 11:49:48 PM by franky1
 #4

total funds. meaningless. one dude could set up 2 nodes and channel between him and.. himself. fund that channel with any amount..
but thos funds are not what the community get to touch or use.

also do some maths. or check the stats. each channel is about 0.001 meaning if i sent a payment that routed through all the channels of 0.001.  then move their 0.001 out of their control in that direction. meaning if anyone else wanted to follow in a similar direction route. the channels wont be able to.

from this
me [0.001 <> 0.000] A [0.001 <> 0.000] B [0.001 <> 0.000] C [0.001 <> 0.000] D [0.001 <> 0.000] E [0.001 <> 0.000] F
to this
me [0.000 <> 0.001] A [0.000 <> 0.001] B [0.000 <> 0.001] C [0.000 <> 0.001] D [0.000 <> 0.001] E [0.000 <> 0.001]  F

A can no longer pay any other alphabet person
now imagine you joined A and wanted to pay F... YOU CANT..
take note.. even in the "from this" start point. although there is 0.006 ntwork capacity.. NO ONE can send more than 0.001.. and once 'me' has spend just 0.001 to F... (well ill emphasise it again)
A, B, C,D,E  CANNOT PAY F anything!


also. do the 'degrees of separation' maths
if 5 people. know 4 DIFFERENT people(meaning 5 channels but 4 new people as one is linked to the parent).. who know 4 DIFFERENT people and so on.
5
20
80
320
1280
5120
20480
in 6 hops you reach a capacity of ~20k people.. but only one route to get from one end of the network to the other

now if you have 5 channels but they are not all to new unique people. but aswell as using a channel to backchannel to the parent. one of the 5 channels is also connected to soneone else . thus allowing for 2 routes somewhere in the network
5
15
45
135
405
1215
3645
10935

in 7 hops you reach a capacity of ~11k people.. but only maybe 2 routes to get from one end of the network to the other

this is somthing people can do without even using LN. use some paper and pen and draw dots and lines.. doing on graphics/doodling apps. if you prefer to do the math instead of image format.. then do it on excel.
you will see the limitations

people really should run scenarios. use it. or think about it.. rather then promote it as the unlimited flawless solution without understanding its real utility limitations.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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July 23, 2018, 11:18:28 PM
 #5

wow that is great one, please i would like to know more about this lightning network  i have opened it but can't comprehend it can someone narrate to me more clearer.
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July 23, 2018, 11:55:27 PM
 #6

wow that is great one, please i would like to know more about this lightning network  i have opened it but can't comprehend it can someone narrate to me more clearer.




I also can not understand this lightning network. there may be a smarter to be able to provide an understanding of this lightning network. understanding that is easy to understand.
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July 24, 2018, 07:34:57 AM
 #7

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

114.81 BTC capacity ($920,707.37)
2,877 nodes
10,362 channels

2,172 public nodes
2,070 nodes with active channels
432 channels opened in 24h
287 channels closed in 24h

0.011 BTC average channel capacity ($88.85)
0.055 BTC average node capacity ($444.79)
10.01 average channels per node

Countdown to 1 million active channels: 989,638
arde13
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July 24, 2018, 05:36:52 PM
 #8

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

116.11 BTC capacity ($956,993.10)
2,885 nodes
10,485 channels

2,176 public nodes
2,069 nodes with active channels
457 channels opened in 24h
82 channels closed in 24h

0.011 BTC average channel capacity ($91.27)
0.056 BTC BTC average node capacity ($462.54)
10.14 average channels per node

Countdown to 1 million active channels: 989,515
arde13
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July 25, 2018, 08:10:49 AM
 #9

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

116.95 BTC capacity ($972,091.52)
2,890 nodes
10,480 channels

2,178 public nodes
2,068 nodes with active channels
331 channels opened in 24h
191 channels closed in 24h

0.011 BTC average channel capacity ($92.76)
0.057 BTC BTC average node capacity ($470.06)
10.14 average channels per node

Countdown to 1 million active channels: 989,520
arde13
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July 25, 2018, 12:06:19 PM
 #10

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

117.62 BTC capacity ($963,460.61)
2,892 nodes
10,497 channels

2,180 public nodes
2,052 nodes with active channels
390 channels opened in 24h
265 channels closed in 24h

0.011 BTC average channel capacity ($91.78)
0.057 BTC BTC average node capacity ($469.52)
10.23 average channels per node

Countdown to 1 million active channels: 989,503
arde13
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July 25, 2018, 05:54:03 PM
 #11

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

117.0 BTC capacity ($949,415.82)
2,893 nodes
10,457 channels

2,182 public nodes
2,040 nodes with active channels
357 channels opened in 24h
346 channels closed in 24h

0.011 BTC average channel capacity ($90.79)
0.057 BTC BTC average node capacity ($465.40)
10.25 average channels per node

Countdown to 1 million active channels: 989,543
arde13
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July 26, 2018, 08:14:07 AM
 #12

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

118.41 BTC capacity ($977,061.50)
2,905 nodes
10,580 channels

2,190 public nodes
2,050 nodes with active channels
430 channels opened in 24h
247 channels closed in 24h

0.011 BTC average channel capacity ($92.35)
0.058 BTC average node capacity ($476.62)
10.32 average channels per node

Countdown to 1 million active channels: 989,420
arde13
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July 26, 2018, 11:02:25 AM
 #13

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

118.34 BTC capacity ($981,067.97)
2,905 nodes
10,573 channels

2,190 public nodes
2,050 nodes with active channels
352 channels opened in 24h
296 channels closed in 24h

0.011 BTC average channel capacity ($92.79)
0.058 BTC average node capacity ($478.57)
10.32 average channels per node

Countdown to 1 million active channels: 989,427
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July 26, 2018, 11:12:55 AM
 #14

I wonder what does it and how does it work. And what is the difference between the lightning network and the full network blockchain?
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July 26, 2018, 06:08:46 PM
 #15

I wonder what does it and how does it work. And what is the difference between the lightning network and the full network blockchain?

Do you want to know what is the Lightning Network?
Do you want to understand how it works?
Do you want to realize why it is needed and whether it is necessary at all?

Spend just 8 minutes and figure it out!
https://youtu.be/MpfvhiqFw7A
arde13
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July 26, 2018, 09:05:41 PM
 #16

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

118.31 BTC capacity ($964,679.42)
2,908 nodes
10,644 channels

2,190 public nodes
2,054 nodes with active channels
316 channels opened in 24h
140 channels closed in 24h

0.011 BTC average channel capacity ($90.63)
0.058 BTC average node capacity ($469.66)
10.36 average channels per node

Countdown to 1 million active channels: 989,356
kingcolex
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July 26, 2018, 09:17:18 PM
 #17

Lightning is really getting better and better and getting ready for primetime. I have yet to use it as i am more of a holder but I would use it for things like Newegg for sure.
arde13
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July 27, 2018, 07:59:35 AM
 #18

According to https://1ml.com/statistics Lightning Network's mainnet has reached:

118.93 BTC capacity ($941,407.01)
2,914 nodes
10,726 channels

2,194 public nodes
2,060 nodes with active channels
294 channels opened in 24h
137 channels closed in 24h

0.011 BTC average channel capacity ($87.77)
0.058 BTC average node capacity ($456.99)
10.41 average channels per node

Countdown to 1 million active channels: 989,274
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July 27, 2018, 08:01:03 AM
 #19

Lightning is really getting better and better and getting ready for primetime. I have yet to use it as i am more of a holder but I would use it for things like Newegg for sure.
Definitely. Lightning network will be an easiest way to keep transaction goin' on to the bitcoin blockchain without willing to set up a full node.
arde13
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July 27, 2018, 02:17:36 PM
 #20

Lightning is really getting better and better and getting ready for primetime. I have yet to use it as i am more of a holder but I would use it for things like Newegg for sure.
Definitely. Lightning network will be an easiest way to keep transaction goin' on to the bitcoin blockchain without willing to set up a full node.

The Lightning Network has a slightly different application.
I call to spend very little time and understand the subject.
https://youtu.be/MpfvhiqFw7A
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