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Bitcoin Lightning Exceeds Liquid by Capacity for First Time Ever: Here’s What This Implies

Bitcoin Lightning Network (LN) is the oldest and most popular Layer 2 Scalability solution for Bitcoin(BTC), the first cryptocurrency. Its net capacity more than tripled in the last 12 months the Blockstream team says.

Read Also: Cardano Founder plans to Create a Network Cross Chain for BTC, DOGE, and ADA

Lightning Network (LN) surpasses Liquid; c-lightning becomes Core Lightning

After its most successful year of development, Lightning Network (LN) sees its total capacity rocketing from 1,100 Bitcoins (BTC) to 3,679 Bitcoins (BTC).

Bitcoin Lightning Network is a second-Layer scalability solution for the largest blockchain: it gives room to the users to establish payment channels and partially process transactional data off-chain to reduce the pressure on the main network.

New tokens can now be transferred on the top of Bitcoin (BTC); here’s how

Also, Lightning Labs software development studio released the Taproot-powered Taro protocol, which is designed to enable fast and resource-efficient value transfer on the top of Bitcoin (BTC) and Lightning.

Read Also: Charles Hoskinson Teases Bitcoin, Doge, and Cardano Cross-Chain for “Decentralized Twitter”

Taro instruments allow users to issue and move different assets on top of bitcoin (BTC), which involves stablecoins. In the first releases, BTC and Lightning USD” transactions will be enabled.

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