Lightning Network Beats Bitcoin Cash in Most Active Nodes
Bitcoin’s new Lightning Network has officially jumped ahead of Bitcoin Cash in a crucial metric for adoption.
At the time of publishing, the number of active nodes in the Lightning Network is 1,358, according to 1ML. Meanwhile, numbers from Cash Coin Dance show Bitcoin Cash is at 1,280 active nodes.
The number of nodes in the Lightning Network has shot up since January, when only about 35 active nodes were up and running.
The number of active nodes on a network is an important metric that reveals the growth and health of a network’s user base, along with its ability to process transactions.
A discussion on Twitter about the Lightning Network’s first wallet on the mainnet points at more advancements on the way.
The first ever lightning wallet looks almost ready to be deployed. 🚀⚡️ #bitcoin #LightningNetwork @JackMallers @ln_zap pic.twitter.com/NY5bvQgloe
— A v B ⚡ (@ArminVanBitcoin) March 27, 2018
The Lightning Network is an off-chain scaling solution created to dramatically improve Bitcoin transaction volume, speed, and cost.
Bitcoin Cash was forked off the original Bitcoin back in August of 2017. It allows a larger maximum block size in its own attempt to lower fees and increase the number of daily transactions.
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Comments 11
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Cryptography Investments
Apr 19, 2018Looks like you triggered the bcash scammers, LOL.
Now point out that the LN is still in its infancy and has only a small fraction of the number of nodes that Bitcoin itself has, compared to the bcash scam network.
Ranting about hashpower seems kinda silly since bcash is much smaller by that metric than Bitcoin anyway. Nor is it relevant in comparisons to other superior coins like Nano (faster, free, and more scalable than bcash with no miners corrupting things and polluting the environment) which is secure without any network hashpower.
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wtf wtf
Apr 25, 2018No, bcash is completely different coin ( related to casinos iirc ).
I’m not “triggered”, I just point out how intentionally deceptive this article is for non-technical users that are new to crypto. It tries to compare the uncomparable ( LN node is completely different thing form btc or bch node ) to mislead people. I’m pretty sure article writer is a victim here aswell as he was deceived from that particular reddit well known for constant propaganda and fud and censorship.
I’m not sure why you bring Nano here, it may have some uses, but I don’t think it will be able to get enough momentum to survive.
And can you elaborate on “miners corrupting things”?
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wtf wtf
Mar 28, 2018Sorry, but this article is pure FUD.
The number of nodes on blockchain is COMPLETELY IRRELEVANT. Only hash power is relevant. And you can’t compare amount of hash power to number of LN nodes that do nothing except being online and routing some bytes, it’s completely unrelated metrics.
What does matter though is amount of money in LN channels, which is now only about $55k ( at the moment of writing comment ). So we can call it LN’s current market cap and then compare it to that of BCH. 55 thousands vs 15 billions. That’s how things really are. ( Source: https://lnmainnet.gaben.win/ )-
wtf wtf
Mar 28, 2018The whole post comes from highly moderated and biased subreddit dedicated to praising LN at all costs and propaganda, especially anti-BCH propaganda. This particular ‘comparison’ is a pure lie, so that newcomers who don’t understand anything in crypto would see nice numbers and make decisions. That’s very cheap and dirty marketing tactics out there, a discredit of BTC/LN community in eyes of any somewhat experienced crypto person.
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James
Apr 17, 2018F you, all Btrash post are about “censorship”, “moderation”, etc. BCH is just a shitcoin, that’s it.
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wtf wtf
Apr 25, 2018BCH and BTC came from same blockchain, nothing gives BTC more ‘legitimacy’ as Bitcoin than BCH. So maybe BTC is a fork and shitcoin that just stole the name?
Do you even understand that development of BTC is completely centralized?
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R Carman
Mar 28, 2018Fake news, click on the link and it shows 1944 bitcoin cash nodes. It’s a useless comparison anyway
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Brian
Mar 28, 2018It looks like you’re misinterpreting the numbers a bit. Active ABC nodes (adjustible blocksize nodes) are what power Bitcoin Cash, and not all of the nodes in the number you’re citing are even active… that number includes duplicates and non-listening nodes, which is why it has an asterisk next to it. You can find out more on how the Bitcoin Cash nodes work here: https://www.bitcoinabc.org/
On the link in the article, you can scroll down a bit you see the actual number of active nodes, which is what’s displayed in the big graph. Personally, I think the war between Bitcoin and Bitcoin Cash is what’s useless. In the long run, they can both have their place in the crypto world, using different approaches.
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wtf wtf
Mar 28, 2018Number of nodes in blockchain doesn’t mean anything. You can have 10000000 nodes, or you can have one node with twice amount of hash power.
Only hash power matters.-
Brad
May 5, 2018Yeah and when you get the situation where 51% of hashing is controlled by a conglomerate then rewrite the code, double spen and get shut down.
Only hash power matters?? System integrity matters. Hash power is important but on its own with nothing else you get Bcash.
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wtf wtf
May 6, 2018Do you have any proof of “conglomerate”? From what I know BCH is mined by same miners as BTC, they switch between chains based on profitability.
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Comments 11
Cryptography Investments
Apr 19, 2018Looks like you triggered the bcash scammers, LOL.
Now point out that the LN is still in its infancy and has only a small fraction of the number of nodes that Bitcoin itself has, compared to the bcash scam network.
Ranting about hashpower seems kinda silly since bcash is much smaller by that metric than Bitcoin anyway. Nor is it relevant in comparisons to other superior coins like Nano (faster, free, and more scalable than bcash with no miners corrupting things and polluting the environment) which is secure without any network hashpower.
wtf wtf
Apr 25, 2018No, bcash is completely different coin ( related to casinos iirc ).
I’m not “triggered”, I just point out how intentionally deceptive this article is for non-technical users that are new to crypto. It tries to compare the uncomparable ( LN node is completely different thing form btc or bch node ) to mislead people. I’m pretty sure article writer is a victim here aswell as he was deceived from that particular reddit well known for constant propaganda and fud and censorship.
I’m not sure why you bring Nano here, it may have some uses, but I don’t think it will be able to get enough momentum to survive.
And can you elaborate on “miners corrupting things”?
wtf wtf
Mar 28, 2018Sorry, but this article is pure FUD.
The number of nodes on blockchain is COMPLETELY IRRELEVANT. Only hash power is relevant. And you can’t compare amount of hash power to number of LN nodes that do nothing except being online and routing some bytes, it’s completely unrelated metrics.
What does matter though is amount of money in LN channels, which is now only about $55k ( at the moment of writing comment ). So we can call it LN’s current market cap and then compare it to that of BCH. 55 thousands vs 15 billions. That’s how things really are. ( Source: https://lnmainnet.gaben.win/ )
wtf wtf
Mar 28, 2018The whole post comes from highly moderated and biased subreddit dedicated to praising LN at all costs and propaganda, especially anti-BCH propaganda. This particular ‘comparison’ is a pure lie, so that newcomers who don’t understand anything in crypto would see nice numbers and make decisions. That’s very cheap and dirty marketing tactics out there, a discredit of BTC/LN community in eyes of any somewhat experienced crypto person.
James
Apr 17, 2018F you, all Btrash post are about “censorship”, “moderation”, etc. BCH is just a shitcoin, that’s it.
wtf wtf
Apr 25, 2018BCH and BTC came from same blockchain, nothing gives BTC more ‘legitimacy’ as Bitcoin than BCH. So maybe BTC is a fork and shitcoin that just stole the name?
Do you even understand that development of BTC is completely centralized?
R Carman
Mar 28, 2018Fake news, click on the link and it shows 1944 bitcoin cash nodes. It’s a useless comparison anyway
Brian
Mar 28, 2018It looks like you’re misinterpreting the numbers a bit. Active ABC nodes (adjustible blocksize nodes) are what power Bitcoin Cash, and not all of the nodes in the number you’re citing are even active… that number includes duplicates and non-listening nodes, which is why it has an asterisk next to it. You can find out more on how the Bitcoin Cash nodes work here: https://www.bitcoinabc.org/
On the link in the article, you can scroll down a bit you see the actual number of active nodes, which is what’s displayed in the big graph. Personally, I think the war between Bitcoin and Bitcoin Cash is what’s useless. In the long run, they can both have their place in the crypto world, using different approaches.
wtf wtf
Mar 28, 2018Number of nodes in blockchain doesn’t mean anything. You can have 10000000 nodes, or you can have one node with twice amount of hash power.
Only hash power matters.
Brad
May 5, 2018Yeah and when you get the situation where 51% of hashing is controlled by a conglomerate then rewrite the code, double spen and get shut down.
Only hash power matters?? System integrity matters. Hash power is important but on its own with nothing else you get Bcash.
wtf wtf
May 6, 2018Do you have any proof of “conglomerate”? From what I know BCH is mined by same miners as BTC, they switch between chains based on profitability.