On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Driving Bitcoin Adoption via Lightning Network Offering; Network Tripled Capacity in 2021

  • The Lightning Network provides instant payment transfers/settlement times, scalability, low costs/fees, and works across blockchain with the same cryptographic hash function
  • The Network’s capacity grew from 1,089 BTC to 3,479 BTC in 12 months
  • LQwD’s active public nodes on the Lightning Network include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. and collectively have a value of 10.21604901 BTC (US$429,153.33) and 183 active channels

In early October 2021, the research division for Arcane Crypto released their predictions on the advancement of the Lightning Network — hypothesizing that by 2030, the number of users could cross the threshold of 700 million worldwide (https://ccw.fm/Tkb7R). The foundation of their research is the consistent growth of the network since 2020, with a wallet payment volume that increased by approximately 20% month-over-month during 2021. They also believe that remittance, gaming and streaming use cases will help realize these numbers in the future.

The Lightning Network is a “layer 2” payment protocol layered on a blockchain-based cryptocurrency. The Network is decentralized and uses smart contract functionality to enable payments across the entire network of participants. Benefits of using the Lightning Network to initiate payments and transfers using Bitcoin include:

  • Instant payment transfers/settlement times
  • Scalability that offers millions to billions of transactions per second
  • Low cost, low fee option to send/receive payment
  • Works across blockchain as long as both support the same cryptographic hash function

Despite the recent Bitcoin market fluctuations, the number of Bitcoin locked in the Lightning Network has continued to rise in value. In February 2022, the number of Bitcoin locked in the Network had tripled from a year prior — 1,089 BTC to 3,479 BTC, respectively. Considering Bitcoin value, the worth of the Lightning Network at the time of the report stood at around $1.3 billion (https://ccw.fm/Dm4Na).

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company invested in the adoption of Bitcoin and associated technology, introduced its platform-as-a-service (“PaaS”) in November 2021, offering users the ability to make payments instantly, securely and inexpensively, while leveraging the Lightning Network. Since that time, LQwD has also invested in the Lightning Network, with nine active public nodes on the network. The active nodes include France, England, Singapore, Sweden, Italy, Indonesia, Germany, Ireland, and the U.S. Collectively, the public nodes have a value of 10.21604901 BTC ($429,153.33) and 183 active channels.

For more information, visit the Lightning Network Search and Analysis Engine at www.1ML.com.

Despite speculation that the Lightning Network has “plateaued,” the current capacity sits at over 3,500 BTC and continues to rise organically. Instead of the intense rise, which tripled numbers in 2021, experts view this current trend as a natural increase in the network. The Lightning Network is currently still recording a 30% annualized growth — when looking at it on a 30-day average (https://ccw.fm/BPd0C).

The Lightning Network’s growth reflects a general increasing trend in the global cryptocurrency market. The sector was valued at $826.6 million in 2020 and is expected to grow at a CAGR of 11.1%, resulting in a value of $1.9 billion in 2028 (https://ccw.fm/f2fNN). The rise in this market can be attributed to distributed ledger technology, rising digital investments in venture capital, and the adoption of cryptocurrency by more countries as legal tender. The adoption of these coins for transactions is also likely to increase in the coming years, facilitating the growth of the market.

For more information, visit the company’s website at www.LQwDFinTech.com.

NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork.

Share This Page

Archives

Select A Month

Official NewsWire Relationships

Anarchapulco Main Event Blockchain Africa Conference Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Coingenius Coinvention CryptoBlockConCryptoFest European Blockchain Convention EVOLV - evolve.events Finovate nftexpoverse The North American Bitcoin Conference Virtual Blockchain WeekThe Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.994.9818