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This is false. Once a channel is funded, it can stay open for as long as it needs to. I can have a payment channel open with my local coffeeshop and we can tra
by alwillis 7y ago
This is false.
Once a channel is funded, it can stay open for as long as it needs to. I can have a payment channel open with my local coffeeshop and we can transact dozens of times; only the final bill has to be broadcast to the bitcoin blockchain.
Well connected LN nodes can be connected to hundreds of other nodes and route transactions accordingly.
In the short time LN has been available, there are over 10,000 nodes and growing; the network capacity is almost $8 million USD: https://1ml.com/statistics https://1ml.com/statistics
- arcticbull 7y agoSo only 35 years?