Total fees have almost crossed the block reward



Summary:

Melvin Carvalho, a member of Bitcoin development team came across a website named shabang.io which shows the adoption of lightning network on mainnet. The site shows that lightning network is increasing well and some blocks are not far off 1% lightning funding, which Melvin thinks bodes well. He predicted that over 1% of bitcoin transactions will be lightning-based by the end of the year. However, Peter Todd, another member of the Bitcoin community questioned how shabang.io determines whether or not a transaction funded a Lightning channel.


Updated on: 2023-06-12T23:16:44.609632+00:00