Planet Daily News Bitcoin's second layer solution Lightning Network is touted as one of the solutions to the problem of Bitcoin expansion. Since its launch in 2018, Lightning Network has made great progress as a promising technology in this field. Some problems emerged during this process, such as studies claiming that the technology is vulnerable to DDoS attacks. The growth of the Lightning Network is slow but steady.
Bitcoin Visuals data shows that as of March 6, the number of Lightning Network nodes exceeded 5,200. Mass adoption took place between September 2018 and May 2019, and data after that appear to have stalled. In addition, after two big falls, the total value of the dollar locked by Lightning Network is also steadily increasing.
Former Bitcoin core developer Peter Todd said that the second layer of technology does bring Bitcoin closer to a more scalable blockchain. He went on to say, "[to achieve scalability] is not easy, it may not apply to everything."