The capacity of the Bitcoin Lightning Network (LN) recently exceeded the all-time high of 5000 bitcoin (BTC).

Lightning is a neutrality agreement based on Bitcoin, and it doesn't yet have the "original" dynamic password that comes with many decentralized financial (Defi) service platforms.

Although Lightning Network's overall working capital is less than 0.5% of ETH in Defi contracts, the growth of bitcoin LN capacity and the decline in the number of ETH locking blockchain smart contracts are encouraging for LN's development.

Although liquidity in LN has been growing, the number of channels on the P2P Internet fell sharply in November after the collapse of FTX. This may be because in addition to operating mining mobile phone clients, but also operating LN nodes mining a large number of leaving.

However, the possibility of mining and disarming is over, and the rise of applications based on bitcoin, such as tokens, is likely to mean the end of LN surrendering. More than 2000 channels have been added to the Internet since the beginning of 2023.

According to a report by Valkyrie Investments, the adoption rate of LN in emerging economies such as South America and Africa is accelerating, mainly due to persistent efforts to malfunction the use of LN mobile payments.

In December 2022, the company launched a money transfer service based on LN in Africa. The service provides all black Africans in Nigeria, Cameroon and Australia with free migration from the United States to Africa. Strike later unveiled a similar plan in the Philippines.

Recently, the company announced the use of LN to carry out US dollar payments, and users can remit US dollars from Strike's cash balance to applicable deposits and Visa accounts. The program will convert dollars into bitcoins on the platform and into dollars at the end. Because LN is faster and cheaper, the loss caused by bitcoin price adjustment is almost zero.

The cost paid by American International is likely to reach $45 per transaction, and the transfer must take hours, sometimes even days. As a result, customers may gradually prefer malfunctioning payments rather than traditional remittances.

A recent report by Marty Bent found that LN payments have increased this year in China Intelligence, one of the top Lightning Network wallets. In addition, Podcast 2.0, a paid blogging service that accepts LN, also shows an increase in the cost of sending it to creators.

Nostr has promoted the selection of LN

Another factor that endangers the choice of LN is the introduction of NOSTR. According to the agreement's GitHub page, Nostr is a simple, open protocol that supports worldwide, decentralized, censored social media. The agreement allows social media applications to be built on the Internet.

Twitter's competitor, Damus, is based on Nostr and has iOS and Android applications. The idea of opening up to the public and experiencing the social media Internet for free has sparked a heated debate in the login password industry, with bitcoin forerunners such as Jason Dorsey and Glover Baker strongly supporting Nostr.

Not only has something in common in the ideological field, Nostr can also promote the choice of LN, because Damus carries a variety of LN wallets, such as Satoshi's Wallet, Strike, BlueWallet and so on. According to a report by Aaron Luke, an investment analyst at LN, more than 600000 new users have signed up for Nostr. This may benefit LN's in-car customers, as Nostr applies bitcoin payments to the Internet according to Nostr Zap.

Although LN does not have a local OTP, LN connection points are likely to be spent on promoting transactions to give liquidity. However, in the current state, profits are insignificant. As a result, lightning network growth may be organic, and it is in a beneficial influence to become the world's leading payment Internet-as predicted by well-known figures in the field.