"The Lightning Network (LN), the Manhattan Project of Bitcoin, was supposed to give us everything we ever wanted for Bitcoin: scalability and privacy, while still staying super decentralized and non-custodial. While being non-custodial (it just requires you to run your own lightning node with a hot wallet, what could possibly go wrong), it requires your wallet to be online in order to receive a payment. As of today there are 3,735.09 BTC locked in lightning channels (source: 1ML), a whopping 0.017786% of the circulating supply.
The top 10 nodes hold ~ 64 % of the advertised channel capacity, with the single largest node (ACINQ) holding ~11 % (source also: 1ML), which is exactly the hub and spoke network topology that early critics of LN predicted."
nostr:nprofile1qqsxd7rasz53jav2vjlq6twg5wj68lgvm0t4lj79skkka9jju8qfv3cpzpmhxue69uhnzdps9enrw73wd9hszxthwden5te0v9j82mr59ccnsurvw4ejuum0vd5kzmqpzfmhxue69uhhqatjwpkx2urpvuhx2uc9a2xcy
https://frankbraun.org/layer1/
#privacy #monero #zcash #lightning
