November 23, 2024

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Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

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Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data

Fresh data from Glassnode demonstrates that Bitcoin’s (

Furthermore, the throughput of the Lightning Network could be called into question. Check explained:

“Of course, we must also consider that the typical channel is smaller than 1 BTC. The median channel size is 0.02 BTC and the mean is 0.08 BTC, so overall the Lightning Network remains well suited to payments below $1,000.”

In the below graph, the channel size is trending higher but still well under $10,000. In such an environment, payments over $1,000 may be better suited to the Bitcoin base chain in order to avoid payment failure or misfire. 

Related: Bitcoin in Senegal: Why is this African country using BTC?