pull down to refresh
Nice measured response. Shinobi is a good one.
reply
Posted August 2022. Some key things I caught from it:
- the $40B global remittance market averages 6.4% per cross-border transaction
- Lightning saw 400% YoY increase in Q1 22, at an estimated $20-$30M in monthly payments (public capacity)
- Number of Bitcoins on the network is at an ATH - 4500BTC
- this cool image https://images.ctfassets.net/c5bd0wqjc7v0/4NkuaxmLC24pDIxyYAIDHZ/1b80fac372c7eb65edc6e7cf3d9ceec3/1_rIv-eTPjKjXxCrMtpKNSTg.png
- LND has 70% of node market share as of 2020
- 26 exchanges support Lightning (Kraken, Bitfinex, Bitstamp) with Robinhood announcing an integration and Paxful too
- David Markus (previous head of Facebook's Libra/Diem project) founded and raised a Series A for a new Lightning infra company Lightspark
- Lightning Labs raised $70M for a series B; OpenNode raised a series A
- With just $100M locked in, it pales in comparison with Ethereum's billion dollar L2s. But Coinbase admits that lightning activity is more indicative of real world utility when compared to the speculative activity driving growth on these smart contract platforms
- Hurdles: lack of developer tooling, demand for payment use cases, regulation; Lightning is still cumbersome for new users and merchants
reply
reply
Very interesting thanks for sharing
reply
Just finishing "Countdown to Socialism: The National Democratic Revolution in South Africa since 1994" by Dr Anthea Jeffery. Very informative book about South Africa's recent history, politics and economics.
reply
They presented at btc++ and mentioned that they have a really interesting node architecture that basically spends up nodes on demand. Different components of the node live on distributed tech. It really starts to not be a "node" any more than a publicly facing endpoint with distributed and redundant microservice infrastructure backing it like most modern tech is.