Ryan Gentry, business development lead at Lightning Labs, discusses the latest updates on the Lightning Network, the layer 2 solution for Bitcoin. Highlights:

• how Lightning Network is bringing Bitcoin to the masses through partnerships with Twitter, Substack, and Paxful
• what the significance of El Salvador adopting Bitcoin means for the Lightning Network
• how many nodes are running Lightning Network nodes
• why the capacity on the Lightning Network has grown rapidly
• how Ryan has seen interest in Lightning has changed since the El Salvador announcement earlier this year
• what stage of adoption Ryan thinks the Lightning Network is
• why Lightning Network total-value-locked should not be compared to Ethereum L2s or other DeFi protocols 
• how Lightning Network differs from DeFi
• what metric Ryan believes is the best way to measure adoption on Lightning Network
• how El Salvador has changed the types of transactions being made on Lightning Network
• what’s next for Lightning Network and how Lightning micropayments could affect how podcasts (like Unchained!) are distributed

Thank you to our sponsors!

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Episode Links

 

Ryan Gentry

• Twitter: https://twitter.com/ryanthegentry

 

The Summer of Lightning: Reaching the Tipping Point

• https://lightninglabs.substack.com/p/the-summer-of-lightning-reaching 

 

Lightning Labs

• Twitter: https://twitter.com/lightning
• Website: https://lightning.engineering/ 

 

Lightning Enabled Tips

• Twitter:
• • https://blog.twitter.com/en_us/topics/product/2021/bringing-tips-to-everyone 
• Substack:
• • https://decrypt.co/79215/substack-accept-bitcoin-payments-lightning-network

 

Paxful Integration

• https://bitcoinmagazine.com/business/paxful-integrates-bitcoin-lightning-network 

 

Arcane Research Paper

• Paper:
• • https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/615cb9aeaab8c63e1a732771/1633466815710/The+State+of+Lightning.pdf
• Tweet thread:
• • https://twitter.com/ArcaneResearch/status/1445749299703205894

 

Lightning Network stats

• https://studio.glassnode.com/metrics?a=BTC&c=native&category=Lightning&chartStyle=column&contractExpiration=1640908800&ema=0&m=lightning.NetworkCapacitySum&mAvg=0&mMedian=0&resolution=24h&zoom=all
• https://1ml.com/statistics

 

Lightning Network Resources

• https://www.lopp.net/lightning-information.html 

 

Preston Pysh episode with BTC Sessions

• https://www.youtube.com/watch?v=E5bBJjVEg1U 

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