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Tuesday, 2 October 2018

Is LN working fine? Not yet it seems.

Having read a few comments in a thread here on r/btc earlier today (It looks like LN is working fine?) I had a quick look at 1ML.com to see how things were shaking out with LN these days.

Some of the numbers on their Largest Nodes list jumped out at me:

Top 10 nodes are responsible for:

  • 61.55% of total BTC capacity - 70.48 BTC out of 114.53 BTC total
  • 40.46% of total open channels - 2733 out of 6754 total

Top 20 of nodes are responsible for:

  • 82.67% of total BTC capacity - 94.13 BTC out of 114.53 BTC total
  • 60.48% of total open channels - 4085 out of 6754 total

Note: 1ML.com has some discrepancies, e.g. their total capacity on the top 50 list adds up to 111.5%, but these were the best statistics I could find

During the past year, I had hoped LN would have evolved into becoming larger and more decentralized, but it still seems to be at an early stage unfortunately.

submitted by /u/atroxes
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from Bitcoin - The Internet of Money https://ift.tt/2IwmhRV

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