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!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021        

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Episode Links

Ryan Gentry

The Summer of Lightning: Reaching the Tipping Point

Lightning Labs

Lightning Enabled Tips

Paxful Integration

Arcane Research Paper

Lightning Network stats

Lightning Network Resources

Preston Pysh episode with BTC Sessions