"Lightning Network, an Innovative Technology to Increase Bitcoin (BTC) Investment Value"
Summary
- Fidelity Digital Assets evaluated the Lightning Network as an innovative technology that will increase Bitcoin (BTC) investment value.
- The Lightning Network enhances Bitcoin's utility and expands transaction usage within the network.
- Major exchanges' adoption of the Lightning Network makes 2024 a crucial year for Lightning Network development.
According to The Block, a cryptocurrency-focused media outlet, on the 19th (local time), Fidelity Digital Assets evaluated in a joint research report with Lightning payment provider Voltage that Lightning Network development would increase the value of Bitcoin (BTC) as an investment target.
The report analyzed that "Lightning Network is an innovative technology that enhances Bitcoin's utility, expands transaction usage within the network, and accelerates adoption across various sectors," adding that "last year, we directly observed how companies scaled through the Lightning Network."
It continued, "Payment reliability has improved, transaction costs have decreased, and adoption speed has become faster than ever," evaluating that "2024 was a crucial year for Lightning Network development."
Furthermore, it added, "The network is maturing as major exchanges including Coinbase, Bitfinex, OKX, Kraken, and Binance have successively implemented the Lightning Network last year."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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