Technology

Lightning Network now has more active nodes than Bitcoin Cash

The Lightning network could still be in its infancy but it already has more active nodes than Bitcoin Cash (BCH).

Statistics show that the Lightning network has taken a slight lead over BCH in terms of the total number of nodes operating on their networks. The data shows that there are currently 1,347 Lightning nodes compared to those of Bitcoin Cash 1,286 .

This accomplishment is particularly impressive given that Lightning boasted of a meager 29 knots in mid-January.

In all fairness, the number of Lightning Network nodes seems to vary depending on where you extract the data: while at the time of writing this site, there was 1 347 active notes on the network, this one suggests that the number is slightly higher – 1 362 . This discrepancy suggests that the statistics may be slightly off, although the difference is probably not so important.

Among other things, node count data are important because they could be a good measure of the network user base and its decentralization factor.

Another thing to point out is that – compared to Lightning Network – it appears that a large part of the BCH nodes are hosted on Alibaba servers believed to to be located in Hangzhou; although this is not necessarily problematic, it indicates that the bulk of the mining power of Bitcoin Cash is centralized in China:

The number of nodes in the Lightning network has exceeded the number of Bcash nodes. In addition, 70% of BCash nodes are hosted on a "Hangzhou Alibaba" server which can be viewed here: https://t.co/g8HC8bAkIX https://t.co/iIUyGaftvQ pic.twitter.com/g1tmAMkXPz

– WhalePanda (@WhalePanda) March 27, 2018

For the record, although these numbers reflect Lightning's progress, it is worth noting that the network still has a number of problems in sight.

A few weeks ago, Peter Todd, developer of Bitcoin Core, suggested that the Bitcoin scaling solution might be vulnerable to DoS attacks – in addition to some other kinks.

Still, that did not stop Lightning Labs developer from getting a hefty $ 2.5 million investment from Jack Dorsey, CEO of Twitter, and Charlie Lee, founder of Litecoin.

Following another series of tests with Lightning, Todd returned to say that unlike its "beta" status, the network still functions as a product in its "alpha" phase:

I also tried the last c-lightning, which did not seem able to send payments via my LND node, nor reliably route payments in either direction.

IMO, always alpha given that we are talking about money.

– Peter Todd (@peterktodd) March 21, 2018

Last week, the search arm of the BitMEX Cryptocurrency Exchange revealed that the number of nodes is not the only thing that Bitcoin Cash is struggling with.

According to a new study, the cumulative transaction volume of Bitcoin Cash was 31.5% lower than SegWit – a protocol for the Bitcoin network designed to solve high transaction costs and problems with Scalability increasing

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