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The Bitcoin Lightning Network has experienced remarkable growth over the past two years, with an increase of approximately 1,212% in routed transactions. In August 2023, around 6.6 million transactions were processed, a substantial rise from just 503,000 in August 2021, according to a report by River research analyst Sam Wouters. This growth is notable even

The Lightning Network is a layer 2 protocol built on top of Bitcoin. It enables instant, low-cost transactions by utilizing smart contracts and off-chain payment channels. This innovation addresses Bitcoin’s scalability issues, making it practical for everyday use.