Lightning Network ranks first among Bitcoin expansion plans with nearly $200 million in TVL
On November 28th, The Block Pro posted that there have been various attempts to achieve Bitcoin scalability. The Lightning Network is the largest scalability solution for Bitcoin, with a TVL of nearly $200 million by 2023, mainly due to the rise in Bitcoin prices.
Other Bitcoin scalability solutions (such as DeFiChain, Rootstock, and Stacks) have lower TVL than the Lightning Network, possibly due to security trade-offs, as they only inherit part of Bitcoin's security.
In addition, Bitcoin Ordinals assigns unique identifiers to satoshis, making them NFTs, and uses SegWit and Taproot upgrades to mint homogenized BRC-20 tokens. These innovations from the SegWit and Taproot upgrades demonstrate Bitcoin's potential in areas such as Layer 2 in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Corporate Crypto Eye $330B—Analysts Say Qubetics, Ethereum, and Injective Are Top Cryptos to Buy This Month
With $330B in corporate crypto demand forecasted, Qubetics, Ethereum, and Injective are standing out. Learn why analysts see Qubetics' $16.7M presale as a top crypto presale and how its cross-border utility redefines real-world blockchain adoption.Cross-Border Simplicity: How Qubetics Is Quietly Disrupting Global TransactionsEthereum Approaches Spectra Upgrade Amid Signs of Imminent VolatilityInjective Gathers Steam with Technical Surge and Bullish OutlookConclusion—And These Are the Top Cryptos to Buy Thi
Is This the Perfect Dip? BTFD’s $0.0002 Entry Eyes 8,900% ROI as Cheems Slips, Sudeng Climbs—Best New Meme Coins for Significant Returns
Explore the best new meme coins for significant returns as BTFD eyes 8,900% ROI, Cheems slips, and Sudeng climbs. Find out what’s next for these trending tokens.BTFD Coin’s Referral Program Fuels Bullish FrenzySudeng Climbs Amid Renewed BuzzThe Bottom Line
OBOLUSDT now launched for futures trading and trading bots
Tron Inches Closer to Overtaking Ethereum in Tether Dominance as $1B USDT is Minted
The competition between Ethereum and Tron for dominance in the stablecoin market is intensifying again. According to Arkham Intelligence, Tether, the world’s largest stablecoin issuer, minted an additional $1 billion USDT on the Tron network on May 5.
Trending news
MoreCrypto prices
More
